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This thread was started in response to the Hot-Chart:
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
One of the first things the new Australian PM Julia Gillard has proposed is a truce in the war of words with the mining industry over the proposed new resources tax. I mean isn't it amazing if a politician finally does something for the countries benefit with the good intent of his heart, the main stream and corporates will rally together till they get them changed....
The evening and night of the long daggers produced Australias first female Prime Minister, Julia Gillard
Australian sharemarket and the AUD rise on hope of compromise on resources tax
Japans May trade figures shows slow down in exports
Asian stockmarkets rise by 0.5%, Gold steady below $1240/oz
The AUD has been the most volatile currency today in the light of political developments which have led to a change of Prime Minister. Kevin Rudd was ultimately dumped for not being inclusive enough in the decision making processes. The AUD/USD rallied immediately on the news, from .8750 to .8770, then fell back to .8725 before steadying. Ranges: .8725/.8771
Cable has been busy today trying to take out what is either an option barrier around 1.5000 or else a decent sized sell order. 1.5000 has ben the high. The GBP remains in demand on the crosses and is looking to form major interim bases against the commodity currencies which might explain the
GBP/AUD buying by ACBs seen last night. Ranges: 1.4955/1.5000, EUR/GBP .8222/34
EUR/USD closed in NY around 1.2320, tried the down side first but after failing to break below 1.2300 has subsequently rebounded. Stops above 1.2365 remain safe for now. Ranges: 1.2298/1.2353
USD/JPY has been extremely quiet in a 13 pip range and the market ignored the relatively disappointing trade data. Ranges: 89.85/98, EUR/JPY 110.59/111.01
Markets: Nikkei +0.6%, HK +0.2%, Sydney +0.3%, Kospi +0.6%. Gold steady at $1237/oz.
Red box's 8702 & 8755 has seen heavy selling
Gold hit 122460 gave a whopping 14k in profits 5 Days this is brilliant.
CadYen sold 8885 and 8970, will see another tomorrow if the trends continues.
UsdCAD at 10424 expected profit at 106, hold from 10190 and 10287
EurCad back above 12755 safe territory likely to go higher
EURAUD & EURCHF both unchanged from yesterday moving side ways, EURCHF has still room below but area to buy here....
EurGBP completed the 84-82 trend , expect volatility. 8170 already seen buying.
Entered EurYen at 11030 and will buy again if it dips to 109.
CHFYEN also slightly depressing as SNB avoided another day of intervention
Rudd refused to stand down after the Deputy PM asked for a leadership vote and will face a vote tomorrow. Climate change and asylum-seekers are the issues that are key to his continued leadership, Rudd says. He says he is capable of winning the vote on Thursday.
AUD/USD is understandably choppy, whipping around between 0.8700 and 0.8760. We trade now at 0.8740.
If it has something to do with the mining tax, then bastards!!!! *$&^&$*"^!*
and we call this democracy
He was under questioning today
Press conference soon to follow !