FXstreet.com (Barcelona) - Expectations that the RBA will cut the interest rate by 25 bps at 3.30 GMT appear to be already factored into the market, thus risk in the AUD/USD is to the upside, says Barclays Capital chief Japan currency strategist ...

AUD/USD

That's right, but still export/import companies as big as they may be, still account for a tiny bit of daily turnover in Forex, it's Deutsche Bank, UBS, Barclays and Citi who make up the majority of billions of dollars worth of forward contracts ...

AUD/USD

Partially true, in 2010 automated high frequency algorithmic trading accounted for almost half of all liquidity in the market and it's getting bigger every year. Also 5000 lots wont move the market, banks don't trade lots with each other but real ...

AUD/USD

Yeah that's exactly why I said using correlation tables instead of candlestick and chart patterns is a much more preferred strategy. url

AUD/USD

You can't analyse cross pairs as you'd normally do with majors, correlation tables might be a more useful tool then excessive charting. Levels and fibs are alright as are obvious supports and resistances, but going more technical then that is a ...

AUD/USD

We all do. I don't think there's a universal rule for safe SL placements unless you don't use any at all and cover drawdown with counter trades, hedging and scaling in/out. As with anything in Forex, everybody needs to find it's own way of ...

Spider's Den

It's a bad place to set a SL I think, you wouldn't want it to stop you out and reverse back down, then again you should know your own MM how to limit losses.

Spider's Den

Looks yum, same with GBP/AUD, might be worth a try shorting those two and longing AUD/JPY which shows a bullish one. Might need some help from the RBA tomorrow tho keeping rates on hold

AUD/USD

LOL I did laugh my ass off but didn't wanna offend.

Strongest Trend & Why

Never understood why tho, could it be because futures options expiring or automated high volume algorithm trading bots entering/exiting positions, or something else?

Spider's Den

Top of the hour definitely the most profitable time to scalp if position was entered 10-15 minutes earlier, would never hold big scalps for longer then 10-15 minutes past full hour either, usually the best time to reverse

Spider's Den

Greece is obviously going to be the main driver today (what's new), haircut talks are stalled and unions are calling for a nationwide general strike tomorrow again... Aussie is finding support at 1.0680 but for how long will it hold ahead of widely ...

Spider's Den

Futures reversed, now all set to open lower and commodities are being sold off despite strong gains in Asian equities.

Spider's Den

Cheers for that link, a worth reading piece of simple language fundamental analysis.

AUD/USD

Hey I know, been (s)trolling around in other threads, good to see the gang grown bigger Just checked equity futures, DAX and Eurostoxx are up over 1.5% but FTSE looks to open rather flat. Fiber at session lows around 3070 and retesting multi-day ...

Spider's Den

Isn't it a bot? It says at the top stats for an EA.

i want only 1 pip everyday

Coming rate cut not so certain anymore: url ...ANZ says it does not expect an interest rate cut at the Reserve Bank of Australia's (RBA) February board meeting tomorrow but does expect one at the March meeting. Read more: url

AUD/USD

Equities across Asia are rallying, ASX up 50 points, disappointing retail sales had almost no effect on the Aussie, like I said earlier the numbers don't take into account massive increase in online shopping, especially before Christmas.

AUD/USD