1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

We Withdrawal from AUD for now

Discussion in 'Giant #2' started by Giant #2, Jan 23, 2011.

  1. Giant #2

    Giant #2 Former Special Consultant to the FPA

    Joined:
    Jun 19, 2010
    Messages:
    17
    Likes Received:
    0
    Hello Traders
    We have withdrawn most of our AUD longs against USD and modestly against JPY. Our view is that commodity and equities selling will pressure the AUD to lower levels in the medium term. Our institutional colleagues are preparing to sell and we anticipate that this weeks PPI and CPI will trigger selling, even if the numbers are slightly above expectations. Weaker PPI and CPI numbers will reduce current institutional expectations of two rate hikes in 2011 and the RBA will likely change their language to neutral. We have done well on our long AUDJPY position and swing trades at support and the ranges have been day trading friendly. We are now only day trading the AUDJPY pair until we see more attractive lower levels for longer term positions. A move towards 80.00 (and 81.00) AUDJPY will attract buyers, as we anticipate JPY weakness through 2011 (barring panic selling). While AUDUSD should move below 96.00 and will see strong buy flows in the 92.00 to 94.00 range. Risks? ... a material commodities and equities correction that should last for some months.
    We will begin to accumulate AUDJPY below 80.80.
    video to come...
    g2
     
  2. dkami

    dkami Sergeant

    Joined:
    Apr 13, 2010
    Messages:
    712
    Likes Received:
    15
    Thanks for your update G2 looking forward to the vidio:)
     
  3. Joh

    Joh Master Sergeant

    Joined:
    Oct 11, 2007
    Messages:
    615
    Likes Received:
    14
    Wow thank you so much for this info G2 -Hope you have a brilliant day- dito for for any follow up details- thank you again-You have made my day. Joh :)
     
  4. ReuTrader

    ReuTrader Recruit

    Joined:
    May 10, 2009
    Messages:
    6
    Likes Received:
    0
    Base for expectation... Question

    Thanks for the great "heads up" G2.

    I have a question if you have a minute. I think most everyone expects the Yen to weaken in 2011. But, is your thought that there may be some good long entry areas between 0.92-0.94 on the AUD/USD pair because of continued Aussie strength after this adjustment or expected USD weakness in the second quarter and beyond?

    Again, thanks for your insights to date.

    Reutrader
     
  5. Joh

    Joh Master Sergeant

    Joined:
    Oct 11, 2007
    Messages:
    615
    Likes Received:
    14
    re aud/u

    Brilliant to get this -you are a Giant- thank you :D
     
  6. syncopat

    syncopat Recruit

    Joined:
    Jan 15, 2009
    Messages:
    8
    Likes Received:
    0
    You mention "the RBA will likely change their language to neutral". Did this actually happen? How do you determine if their language is neutral, bearish or bullish? Is there some way I can find that out without having to ask you and wasting your time?
     
  7. jetus

    jetus Recruit

    Joined:
    Mar 13, 2010
    Messages:
    1
    Likes Received:
    0
    Hello;

    Would you post your understanding of why AUDUSD has risen so much. I understand that USD has weakened considerably, but this seems very unusual for AUDUSD. What type of s/r should we expect?
     
  8. Lonesome

    Lonesome Recruit

    Joined:
    Mar 20, 2011
    Messages:
    1
    Likes Received:
    0
    Dig It, Bro...keep It Up As Long As Possible. You Know What I'm Talking About.thx
     
  9. Robert Andrighetti

    Joined:
    May 23, 2010
    Messages:
    6
    Likes Received:
    0
    way off the market

    Well looks like you guys were way off the mark on the AUD going lower, unless of course it was all a BS article and you were misdirecting people. I hope just a real bad screw up on your part.
     
  10. ochills

    ochills Corporal

    Joined:
    Dec 24, 2009
    Messages:
    246
    Likes Received:
    32
    good work G2

    Pls I want to suggest that you should send us your analysis just like Sive
    so that we will be aware that your new post is out and one can follow it up.
    Pls think about this.
    thanks
     

Share This Page