Thanks Conrad for the link to the Sydney Morning Herald where they also mention the rumour regarding a big buy order in the AUD. If it’s in the mainstream press, then it’s all been done and dusted already; buy the rumour, sell the fact imho.
12 Responses to “AUD rumour hits the mainstream press”
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AUTOREFRESH 
LoL – didn’t the big buy order happen a few hours ago? It moved sharply north after being clobbered by the CPI data…….
Also, if it is a sure thing that there will be $5BN of Aussie bought – then it is in their best interest to knock it down hard so that they can get a cheap price……….
Well you just answered question I put on thanks and agree
Chinese Economy Strong? Depends Who You Ask:
In fact, the main problem that the IMF saw was that Chinese growth could be so robust that international trade imbalances could worsen. Contrast that take with the view of Jim Chanos, founder of the hedge fund Kynikos Associates, who has been predicting for much of the year that China’s economy is overheated and destined for some sort of setback. Chanos is most famous for being one of the earliest investors to discover Enron’s dubious accounting. Chanos, a source familiar with the situation said, has briefed officials at the highest levels of the U.S. defense establishment on his view of the Chinese economy’s troubles. He argues that China has a “credit-driven property bubble” and points to a slew of statistical and anecdotal data to back that up. , Chanos points to a nearly entirely empty newly constructed city called New Ordos in Inner Mongolia in which much of the property was purchased by speculators, and sits empty. And he cites a popular television soap opera in China called “Dwelling Narrowness,” which centers on the struggles it’ characters face finding affordable housing in a big Chinese city.
All of that, Chanos argues, points to a society that’s dangerously close to an economic retrenchment
http://www.cnbc.com/id/38476770
Seems Goldy are still up to there old tricks
Also, the London fix is still 15+ hours away…..and the Aussie is still at overbought levels that need to come down in order to hit support levels…….not trading Aussie but am in with a short of AudJpy and I expect at least 77 to hit by midnight EST
hey sean, thanks for all the info, but i think i got it wrong. i played my cards wrong… I sold Aussie at 89.65 17 lots of it last night thinking it hit resistance and would go down. then i wake up and im down $1500 USD… so i read your post about a rumour with the $5 bill aussie investment… and I right away bought 15 lots of Aussie, and now im down $600.00 USD again and Aussie is now at .89817… is there any chance aussie will go back up past .9000??? I bought 15 lots at .9016…. im pretty upset
Also sean, I read that Aussie would go up to .9100 and up towards the end of the month because they have to meet requirements at the end of the month… I’m praying to god that it goes up… and if anything can you give me any advice on what to do? I just lost $2000 USD in less than 24 hrs … Thanks for reading sean!
Also sean, I read that Aussie would go up to .9100 and up towards the end of the month because they have to meet requirements at the end of the month… I’m praying to god that it goes up… and if anything can you give me any advice on what to do? I just lost $2000 USD in less than 24 hrs … Thanks for reading sean!
sean i think the first post was deleted. So what happened was when AUSSIE dropped, I sold 17 lots and went to bed. then when i woke up i saw i was losing $1500 USD… and then today i read your rumour about aussie spending 5bill to get the aussie dollar back up so i thought to my self to buy right away… and little did i know Aussie dropped hard again but this time I bought 15 lots. So now im down another $500 USD… So in less than 24 hours I lost $2000… is there any chance or any way you think I can get my money back??? :’( ive been reading articles where Aussie might hit .9100 but I have no idea anymore. I’m beginning to think im illiterate :\ please help! Thanks!
Great site thanks for the info Sean
Why would you tell the world???? It probably codswallop. But if so in the real world it means 5 bio of Aussie will be SOLD to a customer at 11AM fix. If the vast majority of the amount hasn’t been bought you’d be very surprised. What would be great to see is a customer smart and big enough to wait till 10.30AM and come in through another bank tonking ozz down to screw Soldmanygachs or whoever is piggybacking.