The chances of a rate cut is virtually zero, so there won't be much of an initial reaction to the actual rate decision.

AUD/USD

707x held the W close, increasing the chances of hitting at least 7150 before we drop.

AUD/USD

Ducks are still sitting happily at the moment, doing what ducks do. February/March are shaping up to be wild months. I'm happy to be on the sidelines until 1.111x. Up there the Euro will be a strong sell for the mid term leg to 1.018x

EURUSD

Yeah that's pretty much how I see it at the moment. I'd be surprised if we dropped without touching 7150 first. 7150 may be enough. If not, there's a large cluster of resistance at 7160 and 7170 as well. Above that perhaps an extension to 7200 or ...

AUD/USD

I wouldn't be so sure of that. I've been waiting for the supply zone just above current high (715x-717x). I have pending short positions there. Been on the sidelines since we broke 707x, which has been very well respected since. It has been a ...

AUD/USD

Check out iron ore. It's more than 1/4 of Australia's exports. Perhaps AUD below 0.5 again?

EURUSD

Oil leading on inventory news. Aud collateral. Should settle down soon. I'm short at 7076, SL 7090. Will close half at 7062 for a free ride (potential for 700 pips target). Wish it wasn't so close to Fed.

AUD/USD

Market clearing 707x target and ready to go to sleep for the next 3 hours. I suspect 7076 may need a visit later, still have sell orders pending there... Getting ready for some wild moves. Sell orders pending at 716x/7x in case of a dovish Fed.

AUD/USD

First target reached at 1120. Taking 3/4 of my position off here. We are in a supply zone. Will look to re-enter lower.

All Majors and Gold

Data in line/mildly better than expectations. Sell orders pending at 7070.

AUD/USD

Nothing to see here at the moment, back to the W open and shouldn't drift too far away until the first key data release of the week. We are about to enter some high volatility starting in 9 hours with inflation data, followed up by the Fed. Not to ...

AUD/USD

Hehe I see what you mean. I think we all know the right answer, we are getting a little tangled up with typos. Just need to apply some common sense here.

The Really Useless Thread

Ah yes number 3 and 4 as well. Both should read A hawkish/rate hike Fed

The Really Useless Thread

Only typo is point 3 mate 3. USD goes up (e.g A hawkish/rate hike Fed)

The Really Useless Thread

I don't think catastrophe is the right word, but we do have some red flags at the moment. 156x is a 27% drop from the highs. I wouldn't call that a catastrophe by any stretch. TA wise alone, it looks entirely achievable. I won't be looking to buy ...

The Really Useless Thread

I don't understand this one. Wouldn't more QE/low interest rates mean more people buying Gold? I have a large long position and was looking for 1160+. Now you have me worried and not sure if I should bail!

The Really Useless Thread

Can we dare to dream of 15xx of 2000/2007? Your target @ 1789 is based on the 23.6% Fib of the "Obama rally" right? I couldn't see much else supporting this level. Perhaps an extension to the 38.2 @ ~1570 coincides nicely with those two ultra strong ...

The Really Useless Thread

Oil inventories has been moved to tomorrow

The Really Useless Thread

Looks like we have a row of sitting ducks above 1.097x just waiting to be shot. We really need a proper clean out before the major trend resumes. A run at 1.111x minimum in my view before I consider adding long term short positions. Depends heavily ...

EURUSD

If you thought that was crazy, he has now doubled his lot size

EURUSD