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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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Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 9, 2010 15:46
pippedOff, again, WHY should they do this? I just see no reason, could you please enlighten me? ;)
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 15:41
Once again, when USDCAD about to break out to the upside and AUDUSD to the downside, out of nowhere the RBA once again frantically sells a basket of all securities vs AUD to support its local currency.

Real CBs like SNB sell their currency in FX. However, remember the national pastime in Australia these days is buying AUD at any price.
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 9, 2010 15:38
pippedOff would you be so kind to tell me one reason WHY the RBA should be interested in a strong A$? As I stated before the opposite is the case and they (RBA) have been net sellers of A$ recently.
Desi
UK
Posts: 69
14 years ago
Mar 9, 2010 15:37
toying with the idea of whether to add a small short here

Want to see more from AUDNZD before I do though
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 15:33
The RBA's fingerprints are all over the latest 70 pip in 2 hour rally in Aussie
wolf
Melbourne, Australia
Posts: 82
14 years ago
Mar 9, 2010 10:33
xaron- u got something right LOONIE
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 9, 2010 10:27
pippedOff, just tell me, why should the RBA has an interest in a strong Aussie and Loonie? The opposite is the case.
Pipster
birmingham, UK
Posts: 111
14 years ago
Mar 9, 2010 10:07
Pipped, You still holding tight on the USD/CAD.... Are you hopefull it will break upwards
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 7:15
The RBA's fingerprints ae all over this commodity-currency rally
rrose
United States
Posted Anonymously
14 years ago
Mar 9, 2010 7:15
new pip if you are nimble you could take the trade down with stops above 1.0310 and if when you hit 1.0225 put in stop loss break even but add a buy order at break even level 10265 let me now if you take the trade
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