Tag Archives: AUD

GBP:AUD – Continuation Set Up

Posted on April 17, 2012 by

The minutes of the last Reserve Bank Meeting will be released at 11.30 this morning. This will be a more than usually interesting set of minutes given the statement that followed the last meeting in which the Board indicated a … Continue reading →

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Sell EUR/AUD on Headline Risk

Posted on April 16, 2012 by

EUR weakness resumed on Friday night.  As market fears over Spain rattled global equity markets, the EUR fell one and a half big figures against the USD. The resultant fall in EUR/AUD sets up a solid risk reward trade.

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Sell AUD/USD Rallies

Posted on April 5, 2012 by

One of the great aspects of working with the CMC analysts team is the potential for “robust discussions” about markets. You may have noticed that we frequently disagree over the outlook for currencies, shares and commodities. However, we are in (rare) … Continue reading →

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AUD/USD Fails at Key Resistance

Posted on March 16, 2012 by

In overnight trading the AUD/USD rallied hard – from yesterday’s low at 1.0424 to touch 1.0555. This level provided key resistance throughout the week. The failure to breach this level, and the subsequent pullback, suggest that the outlook over the … Continue reading →

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Unknown Knowns – Shares, AUD and Oil

Posted on March 8, 2012 by

“Unknown knowns” are a trap for traders – the assumptions we make without realising. Lately, there’s a lot of commentary suggesting higher oil prices and a higher Australian dollar are dragging the sharemarket down. These ideas are intuitively appealing – it … Continue reading →

Posted in Commodity, Forex, Market, Shares, Stocks, Trading | Tagged , , , , , , , | 8 Comments

EUR:AUD Trough Lolly – Still Short

Posted on March 2, 2012 by

On Wednesday I looked at shorting EUR against AUD ahead of the ECB’s liquidity injection (LTRO). The reversal pattern is now complete, and indications are in favour of a test of 1.2134, the all time low for EUR:AUD. In fact, … Continue reading →

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Sell EUR/AUD on LTRO

Posted on February 29, 2012 by

Markets are looking forward to a huge liquidity injection tonight. The resulting currency moves may be a little harder to predict, partly because of the wide range of estimates of the size of the program. On balance, the possible outcomes … Continue reading →

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AUD/USD – Dirty Stop Out

Posted on February 23, 2012 by

Yesterday, I added to an AUD/USD short position established the previous day at 1.0753. The second entry level was 1.0648. Overnight, I’ve suffered a “dirty” stop out – the market

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Sell More AUD/USD

Posted on February 22, 2012 by

Overnight action in the AUD/USD is pointing to further downside potential on a clear medium term trend break. The case for selling more AUD/USD (or entering a new short) is, once again, based on

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Sell AUD/USD on Risk/Reward

Posted on February 21, 2012 by

The AUD/USD is at a crucial juncture – with moves over the next twenty for hours likely to set the short term direction for the currency. Overnight, the Aussie failed again above 1.08,

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