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by Ashraf Laidi
Posted: May 4, 2010 14:02
Comments: 347
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This thread was started in response to the Hot-Chart:

What's Next for Aussie?

 
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wolverine
Singapore, Singapore
Posts: 1
14 years ago
Jun 1, 2010 5:18
yes will be interesting to see the how the pair react to the annoucement. The unit has been on a down hill after early rebound failed at the 0.8500 down trend line resistance. THe pair is going to ease towards the 0.8220-40 regions.... as long as close resistance holds at the 0.8500...
Ashraf Laidi
London, UK
Posts: 0
14 years ago
May 31, 2010 5:29
Some are starting to mention a rate cut by the RBA later this year. Just talk. But what we're sure of is that NO RBA hike tomorrow.

Ashraf
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 30, 2010 15:54
But Baltic dry is up... apparently however not because of increased traffic but only because one category rates went up, of the largest ships. I wonder if these are used as storage for ore and such?
I have a strong gut feeling we might see a speculative bounce up in commodities followed by a steep drop as the China bubble is about to go bust soon. So I will monitor the aussie closely to find a cheaper short entry
mamulid
kl, Malaysia
Posts: 6
14 years ago
May 30, 2010 15:32
CRB index had achieved death-cross------ so will this sign for aussie down
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 30, 2010 13:34
Just reading Aussie banks sitting on AUD 520 bln off balance sheet risks....something like subprime loans? RBA made a guess 10% of off balance is already non performing. The idea of legal balance sheet intransparency of course calls for intransparent bank stress tests.
Could be Aussie recovers a bit more but then I'll short aussie again vs JPY and USD. The choices of safe paper currencies thin out which will be eventually left?
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 27, 2010 23:37
It seems that the rumours of the Aussie's demise were greatly exaggerated.
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 26, 2010 17:06
http://www.zerohedge.com/article/australia-capitulates-backs-down-resource-super-profits-tax

"Australia Capitulates, Backs Down On Resource Super-Profits Tax"
montmorency
Abingdon, UK
Posts: 610
14 years ago
May 21, 2010 11:17
http://www.ft.com/cms/s/0/f7b90ad4-648e-11df-8cba-00144feab49a.html

"Frantic selling abates as euro rises

By Jamie Chisholm, Global Markets Commentator

Published: May 21 2010 07:43 | Last updated: May 21 2010 10:57

Friday 10:45 BST. European stock markets are suffering more selling, although signs are emerging that the recent frantic flight from risk that culminated in a 4 per cent tumble for Wall Street overnight is starting to abate.

The FTSE All-World equity index is up 0.1 per cent and commodities are rallying as bargain hunters gamble that the recent financial turmoil, and fiscal troubles in the eurozone, will not derail global growth.
EDITORS CHOICE
Asian markets slide on eurozone worries - May-21
S&P 500 falls most since April 2009 - May-20
The Australian dollar is on a boomerang trajectory - May-20
Lex: The double-dip threat - May-20

The euro soared in Asian trading though it has now given up a big chunk of that advance on hopes the German parliament will vote through the Greek bail-out package, forcing short positions to be covered following weeks of heavy selling.

Meanwhile, one of the markets best gauges of investor risk appetite, the Aussie dollar, is bouncing sharply after taking the kind of battering in the past week normally reserved for the nations Twenty20 cricket team."


So, do we think risk appetite is really coming back, and where is the Aussie heading now?
Santiago
Colombia
Posted Anonymously
14 years ago
May 19, 2010 16:31
Does the AUD/USD weakening means the end of the long down trend in EUR/AUD? The EUR/AUD has rallied up 650 pips today, breaking both the 20 and 50 daily MA. Or is the EUR/USD going to weaken ever more than AUD/USD so the down trend in EUR/AUD can continue?
patriot
Posted Anonymously
14 years ago
May 19, 2010 15:27
aussie paused on the slide around 2pm and has now accelerated.

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