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paddlepip commented Dec 2, 2014Expect a worsening of economic conditions. The lower dollar won't help. Imports will go through the roof, less disposable income, lower retail, less employment, more defaults on credit cards and mortgages. Mining is doomed, shift to move labour ...
Australia’s Economy Slowed Last Quarter; Currency Declines
- paddlepip replied Dec 2, 2014
Shocking GDP print. Down she goes. Next target 0.8330 (KO Magnetic lines). RBA will be cheering. Many a back slap. Good for them. Not only will they not have to lower rates to drive the AUD into the ground, but all those bogans wanting holidays in ...
AUD/USD
- paddlepip commented Dec 2, 2014
PA can. He has crystal balls.
HSBC – Further RBA rate cuts ‘unlikely’
- paddlepip commented Dec 2, 2014
lol. Not sure who in their right mind would buy a bond with a coupon of 0.25% yielding .48%. Hilarious.
Auction Result of 10-Year JGBs on December 2, 2014
- paddlepip commented Dec 1, 2014
Mate, turned out to be almost correct. Of course whilst looking at the screen and seeing my good fortune I said "thanks mate". The screen, unfortunately, did not reply.
AUD/USD – Drops to New Multi-Year Low Below 0.8450
- paddlepip replied Dec 1, 2014
Japan downgraded.. German PMI contraction... Never good. Haven't seen a fake out like that in a while.
Carpe diem: Intraday tactics for Dax and Dow
- paddlepip replied Dec 1, 2014
lol. Agreed. We should know very soon something tells me.
Carpe diem: Intraday tactics for Dax and Dow
- paddlepip replied Dec 1, 2014
DOW and SPX futs not recovering so well after Sunday night's wildly hot Vindaloo. I just hope there's enough toilet paper to rectify the situation.
Carpe diem: Intraday tactics for Dax and Dow
- paddlepip replied Nov 30, 2014
yep, around 6-7% of AUS exports is gold (fourth to iron, and crude is fifth).
AUD/USD
- paddlepip replied Nov 30, 2014
Will make for expensive holidays abroad for Aussies, but I agree.AUD/USD
- paddlepip replied Nov 30, 2014
Made a typing mistake lol.. b/w .075 and .9, but don't take my word for it. Was a quick and dirty job in excel and was was a 20 day rolling correlation. I would be surprised if they have intervened, but will concede defeat if it turns out to be the ...
AUD/USD
- paddlepip replied Nov 30, 2014
AUD is generally a leading indicator for the ASX. Correlation of daily returns is about 0.75-0.9 (long time frame). Not sure about the weather, but you're right, many forces pushing AUD (and ASX) down. Intervention on top of it all would be epic.
AUD/USD
- paddlepip replied Nov 30, 2014
edit: In any case, the RBA certainly isn't intervening in the ASX200... getting hammered lol. Maybe they should pull a Japan and buy some Aussie stocks. Lots of superannuation funds hemorrhaging cash at the moment. This will affect retail and ...
AUD/USD
- paddlepip replied Nov 30, 2014
Could be and entirely possible. Not sure if it's happening at the moment considering the fall without intervention (that I can see / read about). Here's some RBA history of it going on if you're interested: url
AUD/USD
- paddlepip replied Nov 30, 2014
Going for a little long punt from the bottom. Some old lines picked this level which is eery /
. image Magnetic Line Trading with KiwiOz
- paddlepip commented Nov 30, 2014
Well it's stopping. Long from the bottom before resumption of PA's strategy, which has been correct for some time now... Guest, mate.
AUD/USD – Drops to New Multi-Year Low Below 0.8450
- paddlepip replied Nov 30, 2014
That heavy shorting leading into chinese news was a bit dodgy. Seems to happen a bit. Not saying it's a conspiracy, but it's a conspiracy
AUD/USD
- paddlepip replied Nov 28, 2014
I'm just totally unsure as to what fixed income is telling us though . More of macro thing but what the hell is it saying.
edit: been away for a few days but it's good to see more and more people taking an interest here. 
good ...Carpe diem: Intraday tactics for Dax and Dow