I've moved from EURUSD to AUDUSD because I feel more comfortable there. And the positive carry helps.

EURUSD

I'm guessing that DXY goes decidedly below 74 this week: url China should cap forex reserves at 1.3 trillion U.S. dollars: China banker English.news.cn 2011-04-23 23:16:26 BEIJING, April 23 (Xinhua) -- China should reduce its excessive foreign ...

EURUSD

This can't be good for USD: url China should cap forex reserves at 1.3 trillion U.S. dollars: China banker English.news.cn 2011-04-23 BEIJING, April 23 (Xinhua) -- China should reduce its excessive foreign exchange reserves and further diversify ...

AUDUSD for informed traders

So instead of suggesting going short GBPUSD, you're suggesting going short AUDUSD and GBPAUD? I don't see the logic in two trades vice one, nor do I see any justification on your part for either trade. Care to provide details? I disagree with the ...

AUDUSD for informed traders

THE question you should be asking is 'how much lower will the USD go'? That's the half of this pair that's driving most of the change. Take a look at some other AUD crosses and see what you think.

AUDUSD for informed traders

Retail traders expecting a retrace because 'it can't go any higher without a correction'.

AUDUSD for informed traders

Forexia, thanks. I just bookmarked the Dukascopy link. Evelee8, my concern with NZD is liquidity. I've put up the NZDUSD cross to keep an eye on it to see if my fears are founded or not.

AUDUSD for informed traders

That's my understanding; it's only data from Oanda accounts. It's updated fairly often so I can't imagine them pulling data from somewhere else. If I'm wrong, someone please correct me as I haven't dug too deeply into it.

AUDUSD for informed traders

That's retail slugs like you and me. Sovereigns are quietly dumping the USD and diversifying into other currencies. They're primarily running to EUR because it's large enough to be able to handle a lot of the money but a good deal of the sovereign ...

AUDUSD for informed traders

Wow! I just pulled up the short/long ratio on Oanda. url It looks like there are a metric ton of AUD and EUR shorts. Both of these pairs have the potential to go parabolic north with that high a short interest. It looks like most retail traders ...

AUDUSD for informed traders

PPI was 1.2. I added to my long at 1.0738 immediately after the numbers were released. ASX is up .67%. EURUSD is up more than AUDUSD. DXY looks like it'll dip below 74 tonight. This is as much about bucky dying as it is about a strong Aussie ...

AUDUSD for informed traders

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AUDUSD for informed traders

Picking tops is a fool's game. It can't be done consistently. And the only person who should be picking bottoms is a proctologist. But step back and look at this from the bigger picture. What's the catalyst that has occurred to cause the AUDUSD to ...

AUDUSD for informed traders

I just got coffee all over my computer screen. I'll be stealing this quote and recycling it at a later date.

AUDUSD for informed traders

LOL! Absolutely; there is always someone on the opposite side of your trade. I don't even want to open up the inflation/deflation can of worms; I could be writing posts for days. Both points of view have many valid points. Nice call on gold and ...

AUD/USD

Hubris. It kills many a decent trader. I've fallen victim of it before so I understand the psychology of being trapped in a bad trade. In the shorts' defense, the AUD is a bit toppy here and the reason why I have reduced leverage.

AUDUSD for informed traders

VedantaTrade, I understand where you're coming from and understand your rationale for a USD rally. However, I'm seeing more and more chatter of central banks decreasing their USD holdings on both an absolute basis and percentage of foreign reserves. ...

AUD/USD

Excellent post. You hit on my two fears with respect to the AUD; China's economy and Australia's housing market. I watch both very closely. Don't forget the Australian floods and Japan's decreased demand for raw materials. There are no 'good' fiat ...

AUD/USD

I'm buying on dips. AUD all time high against USD is ~1.50. It's got a long way to go before it hits an all time high. The USD has a lot of problems and until they embrace austerity and get the deficit under control, the USD is a clear sell. I ...

AUD/USD

I don't draw charts; my talent is fundamentals not technicals. I come here to read others' technical analysis. Fortunately, I can usually spot the BS artists. And poorly drawn trend lines. As far as me being a jerk, I would suggest you look in the ...

AUDUSD for informed traders