yes, waiting with baited breath

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another butterfly.. dragonfly.. whatever they are called!

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butterfly doji on the 30 min..

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Thanks it was just instinct, that one

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You guys have been screaming short since 8800. Where is the evidence? I can't see anything based on fundamentals.

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I hope you guys know what you're doing. Remember that just yesterday our miners got a big boost to their iron ore prices.

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It went to 9080 as anticipated. The rebound from that level was quick, suggesting that the market saw our currency as being oversold for the moment. I'd guess some consolidation around 9100 then rapid climb to 9200 as long as today's data is neutral ...

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What are we laughing about? Seriously I want the market to tank as much as anyone else, ride it all the way to 60c.. but there is no harm in making some short term profits while we wait.. it could take months for the true state of our economy ...

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It's such a strong rally ATM. I am not in the market but would like to go long for a few days.. just feel uneasy when it has already climbed so quickly. Possible retrace to 9080 but it looks like the bulls are still charging.

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Ouch

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Not an exact science by any means, but I've highlighted some of this week's Dojis if anyone is interested.

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Ahha. The major difference being that last night it came off a downward Asian session. So tonight it would perhaps fall more slowly.

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B.S. I've met plenty of dealers in equities and forex and none of them have rules like that. I note with interest we have a gravestone doji that just formed on the 30 min chart. We might have some downward movement tonight. (NOTE same happened last ...

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London bullish & technicals set the stage for US rally. Bear in mind that the ADP data for employment is already priced-in. I'll wait to see the impact of tonights labour data before trading.

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Resources, schmesources. If the US really is toast then so are we. Who do you think buys all of China's crap? Australia is a one-trick pony whose amazing luck has seen us sail relatively unscathed, all the while patting ourselves on the back for it. ...

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Yes I agree. Do you think this is why we have not seen a rally on today's news? Europe is still not coming to the party, perhaps US will oblige..

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It could take a while.. what about all those holding longs from 65c, 70c, etc.? Eventually there will be a market shock to catalyse the falls. For example last time: RBA dropped rates 1% and AUD cratered.

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Sorry sinner, I respect your skills in charting and currency prediction. You have made many good calls. This is no slight against you, but Saxon is right.

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You would be right, except if that were the only reason then our policy rate would be substantially lower. It is probably a factor. But if it were important then wecould have OCR at 2% and still have plenty of inflows because the rate would still be ...

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The irony of course is that a lot of the inflation that the RBA is fighting, was caused by them. If it were not for rampant M1 growth then inflation would not have such big teeth. Saxon is technically right though, in that higher rates are used to ...

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