Market now focusing on events in emerging markets
The logic in the market is that any contraction in quantitative easing by the Federal Reserve will cause a flood of funds back to the US from international asset markets. If this starts to happen, it will obviously be bullish for USD/AXY (Asian currencies excepting the Yen). The FX market is treating the AUD/USD as a proxy for this trading idea, hence the big sell-off. Keep an eye on events in regional equity and debt markets for indicators of what’s likely to happen next.
Hi Sean, Any thoughts on AUD/NZD? I am starting to fancy long there, I recall some smart people aiming for 1.15 goal on the downside from a month back. It seems quite close, and it could rhyme with your view on AUD/USD basing around 92….
Hi Sean,
Might be out of topic but cable is approaching the lvl you might want to consider going long.
Hi Kirill, I’d say 11750/12000 shortish term range but then push lower to test 115? Something like that.
Thanx Sean, it rymes with my thinking and positioning.
I just have started at new place, moved to Houston, so will not be able to give view on power until recreate models. Most probably untill Oct-Nov
Good point Danny, plus EUR/USD at 13260ish
are u still bullish aud/usd sean? don’t lose all all your profits on this shit pair. It will break 0.9200 sooner than later
Hi Sean. Mate, my short order in EUR/AUD at 1.4350 got clicked just after the Chinese data. Do you still believe in this trade? What should be stop loss in your opinion. Thanks for your time mate 🙂
Regards, Pete
Hi Pete, I’d leave it above 14410 and see how mkt develops. If an hourly top forms near 14350 then you can definitely lower the stop to 14380 or so?
even if it rebounds rebound will be heavily sold
Cheers Nachiket, let’s see how it develops, I’m playing with the markets money so can afford to take the risk.
I am playing the options and find it interesting. returns are less. but I find them safe.
Thanks Sean.