FX £ - $ AUD This week
Feb 19th 2009, 11:29 pm
#556
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: FX £ - $ AUD This week
Aussie dollar rises on RBA speech
Friday February 20, 2009, 10:26 am
SYDNEY, Feb 20 (Reuters) - The Australian dollar firmed on Friday after the market pared back expectations of an aggressive interest rate cut next month following comments from the central bank governor.
* Reserve Bank Governor Glenn Stevens said there was still room for more rate cuts, but added that there had already been a very large easing and the full effects were yet to be seen. [nSYA005988]
* Aussie AUD= hit a high of $0.6471 on Stevens' comments, up from $0.6442 before the speech and up from $0.6419 seen here late on Thursday.
Feb 20th 2009, 5:51 am
#557
BE Enthusiast
Joined: Jan 2007
Location: Perth, WA
Posts: 365
Re: FX £ - $ AUD This week
Here's your answer....
Aussie dollar rises on RBA speech
Friday February 20, 2009, 10:26 am
SYDNEY, Feb 20 (Reuters) - The Australian dollar firmed on Friday after the market pared back expectations of an aggressive interest rate cut next month following comments from the central bank governor.
* Reserve Bank Governor Glenn Stevens said there was still room for more rate cuts, but added that there had already been a very large easing and the full effects were yet to be seen. [nSYA005988]
* Aussie AUD= hit a high of $0.6471 on Stevens' comments, up from $0.6442 before the speech and up from $0.6419 seen here late on Thursday.
Aussie dollar rises on RBA speech
Friday February 20, 2009, 10:26 am
SYDNEY, Feb 20 (Reuters) - The Australian dollar firmed on Friday after the market pared back expectations of an aggressive interest rate cut next month following comments from the central bank governor.
* Reserve Bank Governor Glenn Stevens said there was still room for more rate cuts, but added that there had already been a very large easing and the full effects were yet to be seen. [nSYA005988]
* Aussie AUD= hit a high of $0.6471 on Stevens' comments, up from $0.6442 before the speech and up from $0.6419 seen here late on Thursday.
Feb 22nd 2009, 9:48 pm
#558
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Joined: Jun 2008
Posts: 730
Re: FX £ - $ AUD This week
Another (more flimsy!) take is that it's a wedge forming - could break out either way?!?
Thoughts!?
http://www.rocketland.com/generic/Fo...t_11_02_09.jpg
Thoughts!?
http://www.rocketland.com/generic/Fo...t_11_02_09.jpg
Reading bad news for £ and for A$ in equal amounts so which way it will go is anyones guess!!!!
Last edited by MrCro; Feb 22nd 2009 at 9:49 pm. Reason: typo
Feb 25th 2009, 7:35 am
#559
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: FX £ - $ AUD This week
http://business.theage.com.au/busine...0225-8hfd.html
From...http://www.dailyfx.com/story/strateg...454842910.html
"Pound Aussie seems to do well in the midst of of global financial gloom and doom. It is well on its way to its target of 2.4000. Bringing stops to break even would be advisable to limit the risk on this trade. Intermediate resistance comes into view at 2.3094 and 2.3802. Positive economic news could turn this negative quickly."
Last edited by DownUnderPaddy; Feb 25th 2009 at 7:37 am.
Feb 25th 2009, 8:27 am
#560
Forum Regular
Joined: Sep 2008
Location: Gold Coast (via Greenwich, UK)
Posts: 117
Re: FX £ - $ AUD This week
That spike may finally be just around the corner, possibly based on the following ?
http://business.theage.com.au/busine...0225-8hfd.html
From...http://www.dailyfx.com/story/strateg...454842910.html
"Pound Aussie seems to do well in the midst of of global financial gloom and doom. It is well on its way to its target of 2.4000. Bringing stops to break even would be advisable to limit the risk on this trade. Intermediate resistance comes into view at 2.3094 and 2.3802. Positive economic news could turn this negative quickly."
http://business.theage.com.au/busine...0225-8hfd.html
From...http://www.dailyfx.com/story/strateg...454842910.html
"Pound Aussie seems to do well in the midst of of global financial gloom and doom. It is well on its way to its target of 2.4000. Bringing stops to break even would be advisable to limit the risk on this trade. Intermediate resistance comes into view at 2.3094 and 2.3802. Positive economic news could turn this negative quickly."
I don't want to be kicking myself if $2.20 looks great in 1 months time!
Feb 25th 2009, 4:45 pm
#561
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Joined: Jun 2008
Posts: 730
Re: FX £ - $ AUD This week
Kinda wish I had now though as could have bought back at 2.19 this afternoon which would have made me a nice little profit. Timing is so crucial, I'd hate to be dealing in millions as a job, your head would be right on the block if you got the timing wrong!!
On my daily 3month chart todays 'candle' has broke below the lower trend line very slightly so hoping its about to bounce off and up again!!
Feb 25th 2009, 4:50 pm
#562
Forum Regular
Joined: Sep 2008
Location: Gold Coast (via Greenwich, UK)
Posts: 117
Re: FX £ - $ AUD This week
me too I was gonna buy at 2.26 other night as looked to be peaking but still was watching that upper channel line and hoped would go higher.
Kinda wish I had now though as could have bought back at 2.19 this afternoon which would have made me a nice little profit. Timing is so crucial, I'd hate to be dealing in millions as a job, your head would be right on the block if you got the timing wrong!!
On my daily 3month chart todays 'candle' has broke below the lower trend line very slightly so hoping its about to bounce off and up again!!
Kinda wish I had now though as could have bought back at 2.19 this afternoon which would have made me a nice little profit. Timing is so crucial, I'd hate to be dealing in millions as a job, your head would be right on the block if you got the timing wrong!!
On my daily 3month chart todays 'candle' has broke below the lower trend line very slightly so hoping its about to bounce off and up again!!
Feb 25th 2009, 4:54 pm
#563
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Joined: Jun 2008
Posts: 730
Re: FX £ - $ AUD This week
but I have read a few reports predicting A$ to get as low as 50c US and if you open a AUD to USD duplicate chart and put it above the £ to AUD it is a mirror image pretty much so if AUD does slip that low it will increase the £!
We'll see what happens, so much going on in states last few days its all got a bit crazy!
We'll see what happens, so much going on in states last few days its all got a bit crazy!
Feb 25th 2009, 4:59 pm
#564
Forum Regular
Joined: Sep 2008
Location: Gold Coast (via Greenwich, UK)
Posts: 117
Re: FX £ - $ AUD This week
but I have read a few reports predicting A$ to get as low as 50c US and if you open a AUD to USD duplicate chart and put it above the £ to AUD it is a mirror image pretty much so if AUD does slip that low it will increase the £!
We'll see what happens, so much going on in states last few days its all got a bit crazy!
We'll see what happens, so much going on in states last few days its all got a bit crazy!
I'm off to Oz to live in 9 weeks (booked!) and will earn my living in GBP£ for the foreseeable future!!!
Feb 25th 2009, 6:53 pm
#565
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Joined: Jun 2007
Location: The "Gong"
Posts: 433
Re: FX £ - $ AUD This week
Guys
As i've said in previous parts of this thread, the only people that suggest it will make an upward move are those that have a vested interest in it doing so.
The rate (apart from that Crazy blip in Oct) has sat between 2.1 and 2.2 $/£
I'm no money expert, but im a realist, if i were in a position to transfer money either way, i would be happy with anything outside of these boundaries (the lower if you are shifting money from Aus to UK and the upper for the other way.
I dont want to burst anyones bubble here, but drawing lines on graphs and then expecting the market to follow your line ? You are only kidding one person
Stu
As i've said in previous parts of this thread, the only people that suggest it will make an upward move are those that have a vested interest in it doing so.
The rate (apart from that Crazy blip in Oct) has sat between 2.1 and 2.2 $/£
I'm no money expert, but im a realist, if i were in a position to transfer money either way, i would be happy with anything outside of these boundaries (the lower if you are shifting money from Aus to UK and the upper for the other way.
I dont want to burst anyones bubble here, but drawing lines on graphs and then expecting the market to follow your line ? You are only kidding one person
Stu
Feb 25th 2009, 8:35 pm
#566
BE Enthusiast
Joined: Jun 2008
Posts: 730
Re: FX £ - $ AUD This week
Guys
As i've said in previous parts of this thread, the only people that suggest it will make an upward move are those that have a vested interest in it doing so.
The rate (apart from that Crazy blip in Oct) has sat between 2.1 and 2.2 $/£
I'm no money expert, but im a realist, if i were in a position to transfer money either way, i would be happy with anything outside of these boundaries (the lower if you are shifting money from Aus to UK and the upper for the other way.
I dont want to burst anyones bubble here, but drawing lines on graphs and then expecting the market to follow your line ? You are only kidding one person
Stu
As i've said in previous parts of this thread, the only people that suggest it will make an upward move are those that have a vested interest in it doing so.
The rate (apart from that Crazy blip in Oct) has sat between 2.1 and 2.2 $/£
I'm no money expert, but im a realist, if i were in a position to transfer money either way, i would be happy with anything outside of these boundaries (the lower if you are shifting money from Aus to UK and the upper for the other way.
I dont want to burst anyones bubble here, but drawing lines on graphs and then expecting the market to follow your line ? You are only kidding one person
Stu
Feb 26th 2009, 9:17 am
#567
BE Enthusiast
Joined: Jan 2007
Location: Watford, UK and now Hervey Bay
Posts: 446
Re: FX £ - $ AUD This week
Well 2.19 $ to the £ this morning -
the rate is definitely heading down again in terms of $ to the £ and as much as I hate to admit it, since the beginning of Jan I've been watching the rate closely (every day a million times a day) and I don't think its gone above 2.26 dollars to the £ (or maybe fractionally, for 1 day.)
So thats telling me something.
I've got a month to go until I transfer my money so on the basis of the time I have left & what the trend has been in the last 2 months I'm going to ride out this downturn and fix my rate as soon as it increases again and hits 2.25 (if it does!!)
Thats it, I can't hold out any longer for it to go higher than that. Good luck, though, to all of you who have more time/ more guts than me!!
the rate is definitely heading down again in terms of $ to the £ and as much as I hate to admit it, since the beginning of Jan I've been watching the rate closely (every day a million times a day) and I don't think its gone above 2.26 dollars to the £ (or maybe fractionally, for 1 day.)
So thats telling me something.
I've got a month to go until I transfer my money so on the basis of the time I have left & what the trend has been in the last 2 months I'm going to ride out this downturn and fix my rate as soon as it increases again and hits 2.25 (if it does!!)
Thats it, I can't hold out any longer for it to go higher than that. Good luck, though, to all of you who have more time/ more guts than me!!
Feb 26th 2009, 8:02 pm
#568
BE Enthusiast
Joined: Jun 2008
Posts: 730
Re: FX £ - $ AUD This week
Well 2.19 $ to the £ this morning -
the rate is definitely heading down again in terms of $ to the £ and as much as I hate to admit it, since the beginning of Jan I've been watching the rate closely (every day a million times a day) and I don't think its gone above 2.26 dollars to the £ (or maybe fractionally, for 1 day.)
So thats telling me something.
I've got a month to go until I transfer my money so on the basis of the time I have left & what the trend has been in the last 2 months I'm going to ride out this downturn and fix my rate as soon as it increases again and hits 2.25 (if it does!!)
Thats it, I can't hold out any longer for it to go higher than that. Good luck, though, to all of you who have more time/ more guts than me!!
the rate is definitely heading down again in terms of $ to the £ and as much as I hate to admit it, since the beginning of Jan I've been watching the rate closely (every day a million times a day) and I don't think its gone above 2.26 dollars to the £ (or maybe fractionally, for 1 day.)
So thats telling me something.
I've got a month to go until I transfer my money so on the basis of the time I have left & what the trend has been in the last 2 months I'm going to ride out this downturn and fix my rate as soon as it increases again and hits 2.25 (if it does!!)
Thats it, I can't hold out any longer for it to go higher than that. Good luck, though, to all of you who have more time/ more guts than me!!
Feb 26th 2009, 10:05 pm
#569
BE Enthusiast
Joined: Jun 2008
Posts: 730
Re: FX £ - $ AUD This week
Check this out downunderpaddy, the experts who deal in millions everyday are now drawing lines on charts and expecting the market to follow!!!!!!!!
so perhaps it IS worth doing and just ignore the bah humbugs out there!
http://biz.yahoo.com/fxcm/090226/123...6039.html?.v=1
so perhaps it IS worth doing and just ignore the bah humbugs out there!
http://biz.yahoo.com/fxcm/090226/123...6039.html?.v=1
Feb 28th 2009, 8:07 am
#570
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Joined: Jan 2007
Location: Watford, UK and now Hervey Bay
Posts: 446
Re: FX £ - $ AUD This week
Weird times indeed - after going up to 2.25 $ to the £ last week it was down to $2.19 by yesterday morning, however started to climb again yesterday and now back up to 2.23.......!!
I don't know whether I'm coming or going at the moment. As long as it stays around 2.23 I can hang on but when it dips under 2.20 I panic. We'll see.......
I don't know whether I'm coming or going at the moment. As long as it stays around 2.23 I can hang on but when it dips under 2.20 I panic. We'll see.......