Comments on: AUD session outlook July 10th; short-covering picking up pace https://fxww.com/aud-session-outlook-july-10th-short-covering-picking-up-pace/ The Professional Source Wed, 10 Jul 2013 00:03:24 +0000 hourly 1 By: Sean Lee https://fxww.com/aud-session-outlook-july-10th-short-covering-picking-up-pace/#comment-24651 Wed, 10 Jul 2013 00:03:24 +0000 http://381c099c8f.nxcli.net/?p=9333#comment-24651 Interesting stuff, thanks James

]]> By: Sean Lee https://fxww.com/aud-session-outlook-july-10th-short-covering-picking-up-pace/#comment-24650 Tue, 09 Jul 2013 23:54:56 +0000 http://381c099c8f.nxcli.net/?p=9333#comment-24650 Good point, thanks George. Yes, I will stay long, I’m in at a good level near 9050 and will leave my stops 8985. But I will reduce if we try and fail at 9250 pre FOMC. On other hand, I agree that if trading above 9250 post FOMC then I really start to load up for move to 98

]]> By: James https://fxww.com/aud-session-outlook-july-10th-short-covering-picking-up-pace/#comment-24649 Tue, 09 Jul 2013 23:53:31 +0000 http://381c099c8f.nxcli.net/?p=9333#comment-24649 Short covering in gold is throwing up some extraordinary events in the paper gold market with gold going into backwardation for only the 3rd time in 20 years (the other 2 occasions at the low in 1999 and the other time when it collapsed due to liquidation in the GFC of 2008).

The risk is that there are severe shortages in the spot market at the current price level.

http://www.zerohedge.com/news/2013-07-09/golden-backwardation-rabbit-hole-gets-deeper-subzero-gofo-slide-accelerates

]]> By: George https://fxww.com/aud-session-outlook-july-10th-short-covering-picking-up-pace/#comment-24647 Tue, 09 Jul 2013 23:38:29 +0000 http://381c099c8f.nxcli.net/?p=9333#comment-24647 Sean, I think biggest risk for tomorrow for Aud is FOMC meeting and I am expecting a fall in Aud, Nzd as the meeting could be bullish dollar. I will be bullish aud if it can rally post FOMC. Because we saw a preview on Friday how easily Aud can fall 100 pips + with a positive news on USD. Are you holding positions irrespective of FOMC?

]]> By: Sean Lee https://fxww.com/aud-session-outlook-july-10th-short-covering-picking-up-pace/#comment-24644 Tue, 09 Jul 2013 22:42:29 +0000 http://381c099c8f.nxcli.net/?p=9333#comment-24644 Don’t expect so Charles, should be non-event but you never know

]]> By: Charles https://fxww.com/aud-session-outlook-july-10th-short-covering-picking-up-pace/#comment-24642 Tue, 09 Jul 2013 22:23:04 +0000 http://381c099c8f.nxcli.net/?p=9333#comment-24642 Hi Sean, BOJ minutes move the JPY huge or not really?

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