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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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jacek
Melbourne, Australia
Posts: 2579
12 years ago
Jul 11, 2012 12:16
but seriously.. here is a good 50/50 trade..
jacek
Melbourne, Australia
Posts: 2579
12 years ago
Jul 11, 2012 12:10
yeah right!.. pissing against the wind, eh?.. so nothing has really changed here then..:-(
Dave J
Canada
Posts: 197
12 years ago
Jul 10, 2012 3:16
Ok, 'back in the saddle again...

Reshorting aud/cad here from 1.0390, sls in 1.04s, tp1 1.0300...

gl/gt
Rezz
Vancouver, Canada
Posts: 53
12 years ago
Jun 29, 2012 0:56
AUDCAD has been steadily rising from 0.99s to now at 1.0365ish, at the same time yield differential has narrowed and aussie rates wont be going up anytime soon.. In poor economy and risk selloff, Aussie lags CAD. In good economy BOC will raise rates before any changes by RBA.. A no brainer short if you can handle the short term volatility!
Going short in AUDCAD at 1.037 for 1.0150s target.
Dave J
Canada
Posts: 197
12 years ago
Jun 22, 2012 16:35
Tp1 hit, moved rest of position sl to 1.0350...
Dave J
Canada
Posts: 197
12 years ago
Jun 21, 2012 19:09
..taking a little aud/cad short off the table, rest' set to BE. currently 1.0330
Dave J
Canada
Posts: 197
12 years ago
Jun 19, 2012 23:53
...selling some aud/cad around 1.0375, sl 1.0425, tp1 1.0300 area...

glgt
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jun 7, 2012 21:37
Aussie was propped by a positive combination of upside data surprise and an overall return to risk-on trades following Fed Vice Chair Yellens comments hinting at further Fed stimulus and Bernankes testimony to signal the same. Aussie May employment rose by 39K, more than twice market consensus and more than five times the April figure. Although the unemployment rate edged back up to 5.1%, the currency was also gaining from the prior days release of higher than expected Q1 GDP. For now, traders are reluctant to drag down commodity currencies ahead of possibly looming announcement to recapitalize Spanish banks and expectations that central banks will intervene via fresh asset purchases. AUDUSD is likely to regain parity but is seen capped at 1.0180s.

Todays China rate cut may also further temper any long-term optimism favouring the Aussie.


Ashraf
jacek
Australia
Posted Anonymously
12 years ago
May 24, 2012 23:57
h&s not quite failed yet.. in the meantime a scalping range looks enticing..
jacek
Melbourne, Australia
Posts: 2579
12 years ago
May 24, 2012 11:17
inverse h&s?.. anyway these can fail too easily..
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