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BurgerKing replied Nov 9, 20111.0200 restest EURUSD at daily lows right now. but audusd is held back at 1.0200
AUD/USD
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BurgerKing replied Nov 9, 2011BTW. FXCM reported earlier that a huge US wealth funds dumped EUR and AUD earlier before/during the fall.
AUD/USD
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BurgerKing replied Nov 9, 2011Higher Yield means Government will pay more for borrowed money. Sounds good for the Lenders right? However, higher Yield also implies higher risk the borrower cant pay. Therefore, Higher Yield bonds = Higher Risk = RUN AWAY! Yield Rate and ...
AUD/USD
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BurgerKing replied Nov 9, 2011Greece took 3 months to get Bonds yield from 5 to 7%. Italy took 8 days to raise the yield this high. This is Pandora's Box for Europe. Cramer is yelling that someone has to do a Churchill and take control "today". Last time I saw him like this, was ...
AUD/USD
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BurgerKing replied Nov 9, 2011Greece to announce new Prime Minister circa 10AM EST. Could be a rally if market likes this guy. Could be a sell off if market dont like him.
AUD/USD
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BurgerKing replied Nov 9, 2011FYI: Italian Bonds above 7.00% What does that mean? It means, Italy, even with ultra great governance, wont be able to pay it's debt. What does this got to do with AUDUSD? This is a very bad situation. Therefore, RISK is OFF the table. Rumor has it ...
AUD/USD
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BurgerKing replied Nov 9, 2011Where do u plan to short? Im thinking of 1.0280 stops above 1.0320 for a target below 1.02
AUD/USD
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BurgerKing replied Nov 9, 2011if this breaks. down to 1.01 we go and even parity. ive been watching the news carefully and even with the two dogs out of the seat, ECB and IMF still dont have money to finance EFSF and thats the biggest worry watch eurusd... its dropping hard now
AUD/USD
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BurgerKing replied Nov 9, 2011Papandreou is out. Berlusconi is (almost) out. EUR should be rallying. BUT it is not. I guess, RISK Aversion is on. We might see this pair drop below 1.0250
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BurgerKing replied Nov 8, 2011Damn... I've been on the sideline waiting for entry way too far. I envy you guys able to play...
AUD/USD
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BurgerKing replied Nov 5, 2011Greece Papandreou survived the Vote of Confidence. Financial Managers and Advisers consider this as positive for the market. This implies AUDUSD and EURUSD will be supported. However, Greece is still NOT OUT of the woods yet. They agreed to the ...
AUD/USD
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BurgerKing replied Nov 4, 2011There are so many things NOT GOING RIGHT for Australia and still AUDUSD is stubbornly above parity. I am going crazy wondering how that could be. Oh hell... I am gonna lose my head, my account...
AUD/USD
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BurgerKing replied Nov 3, 2011Today, after FOMC, after the greek "referendum to exit EZ", I was thinking AUDUSD should be below 1.0200 by London session... didnt happened.. 1.0220~1.0210 support kicked it up hard and then it even went above 1.04 for a while... I am freakin!
AUD/USD
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BurgerKing replied Nov 3, 2011greek pm looking like getting ousted and with him out the referendum.. hmmm.. this is dousing on the euro fire for now ... dousing risk-off as well.. shorts not looking good then... shorts need something catastrophic once again to be in play
AUD/USD