AUD treading water…?

Looks like the pair is stuck into a tight range again but is holding firm  after the rate cut earlier in the week. O/n employment data has contributed to the recovery off the  1.0441 lows in Asia , but the going’s still looking heavy on the upside with large option barrier protection offers ahead of the 1.0500 barrier.

Buy stops are poised to be triggered if the barriers flushed and more through 1.0520 ahead of stronger tech resistance up at 1.0565/70

(HSBC’s Chief economist now believes that we may have seen the last of the recent run of easing from the RBA, with the latest jobs data allowing the central bank to take more time to see if the total of 125 bps in cuts is having a stimulative effect on the economy)

AUD’s sitting at 1.0472

10 Comments

  1. I wish it was sitting at 1.0772, I would so be in the money right now lol.

  2. Hi Pete, any insights on DAX? nearly 600 points up from low, new yearly high no (notable) retraces like US/Asia, and completely outperform every other major stock market. What gives? I thought the ‘recovery’ is supposedly coming from US and China?

  3. Ehem. I see you’re checking if we’re awake yet.

    Good morning Pete. Afraid your fat finger did it again. “AUD’s sitting at 1.0772″ :D

  4. AUD’s sitting at 1.0772 already…big gap up

  5. AUD sitting at 1.0472 Pete, AUD consolidating in triangle pattern with higher high and barrier 1.0480-90, I wait for a break either sides then make decision…

  6. oops tks JHC, its been amended, yes bad morning for fat fingers :)

  7. tks piptrapper

  8. me too Guitar, still fancy the topside, but i’m a bit of a permabull as you know….

  9. Hi Pete,

    Did you publish today’s orders/bids dislocation?

    Thanks.

  10. I did lisa at 0705 GMT

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.