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by Ashraf Laidi
Posted: Dec 2, 2009 21:33
Comments: 475
View Hot-Chart
This thread was started in response to the Hot-Chart:

Aussie Dressed up but where to Go?

 
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PippedOff
Canada
Posted Anonymously
14 years ago
Feb 17, 2010 15:24
Red day in U.S. Stocks? Heck, the PPT won't even allow the Dow to be anything less than +20 on the day.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 17, 2010 15:23
Love that PPT. Throwing everything they got at spoos and gold and usd/jpy to prop markets.

RBA prop desk supported aussie all day. Mardi-Gras is alive and well in the streets of Sydney.

Everytime gold breaks south of 1120, The PPT gooses spoos and gold.

Heck, we may never see a red day in U.S. stocks again. Who cares about Greece, Italy, Portugal-just by U.S. Stocks!
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 17, 2010 10:33
@Pippedoff, what's your view on the speculators who prop the AUD pre RBA interest-rate announcement. I have observed a behavior whereby the AUD going-up ahead of the interest rate decision, and a total dump of the AUD on the day of announcement - hike or no-hike. How much of that you think is in play esp given relatively thin asian volumes this week? Also, I also am keen to get your observation upon the return of the post-Chinese New Year cycle and whether you see another spike in resources/AUD. I suppose if, for whatever reason, the AUD/USD manages to stay above 89/90 this week, next week's China comeback splurge could prop the AUD / USD into the NAB/Westpac 93 targets.
aswat
United States
Posts: 5
14 years ago
Feb 17, 2010 10:04
I regards to printing press dollars I would caution. If Arthur Burns didn't kill the dollar it shows you that all you need at the FED is a Volcker type to come along in history and put the screws to the world economy.

At this point it might serve the goals of the FED to let rates go up to bring in foreign investment. They don't have to be high just higher than the majors. Also higher rates will keep a tight string on recovery and maybe prevent the next bubble.

In the same line of thinking the PIGS are looking similar to the Latin American countries in the 1980s. Greece may be the new Mexico?

Any thoughts?
montmorency
UK
Posted Anonymously
14 years ago
Feb 17, 2010 9:38
@Pipped: Yes, go easy on Xaron. He's an interesting trader. See his various logs on Forex Factory, and I think elsewhere. He is not a representative of the PPT or something .... :) (At least I assume he's not :-).

@Xaron: Gruesse
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 17, 2010 7:51
Same to you, pippedoff. It's not the question that it will happen but only when. Can take some years from now on. But you're right, we're here to make some money NOW and it doesn't help to know that the Dollar will devalue in the future. *g*
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 17, 2010 7:46
Xaron-agreed in the long term. The printing press will destroy the value of usd!

Easy Alan Greenspan is to blame.

Good luck on your trades.
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 17, 2010 7:40
You are right, I was wrong with those calls. :) But I stick to my view that this Greece thing is way too exaggerated. The Euro is called dead since it's started a decade ago. Indeed it is THE success story of a new currency. The only reason why the Dollar is still alive is its reserve currency status and Oil. Beside that it isn't worth anything at all anymore. The Euro is in big trouble as well but all in all it's the Anti-Dollar and with that in background it must gain especially as the ECB has no chance against the printing press of the FED which is NOT interested in a strong Dollar...
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 17, 2010 7:36
Xaron, I've read your prior posts. You're a whiner regarding ANY usdx strength. You were buying cable when the Cartel was pimping it, posting here 1.67 as your target.

Then you screamed to buy euro at 1.390 dip, targetting 1.45.

You cried about how unfair euro got punished because of Greece and PIGs, yet usd survives with CA.

Last I checked, unless my trading platform is posting incorrect prices for euro and gbP ONE THOUSAND PIPS below your targets, we're sitting at 1.3745 and 1.5765, respectively.
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 17, 2010 7:30
Then you didn't look correctly. Of course I was here all the time, I did even post something. And I've been short in the Euro but for now I'm long again...

What do you mean with Euro going down but Aussie not? Do you refer to that 30 pips noise in the Euro?
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