Wow, this is really a no brainer - buy at any level, it will go up anyway! Besides, China will never see a recession, right? No bubbles here, keep buying...

AUD/USD

booyu, can you please use even more colors - it's hard to pay attention.

AUD/USD

pipraiders, do you have a friend at the U.S. BLS? I'm confused as to how you know the actual numbers well before the release otherwise.

US NFP Trading - March 2010

The pair to trade around the NFP release (if you must trade at all) is USD/JPY, as it has a very high positive correlation to any surprises in the headline figure, especially if both the UR and the NFP change both surprise in the same direction.

US NFP Trading - March 2010

I didn't say AUD was a screaming short. Sure, if the markets spike up 3% tomorrow, you may see mid 91s. But go and overlay SPX on the same chart with AU, and tell me where it possibly dared to divert. That is what I meant by cowardly. As for the ...

AUD/USD

I don't think many people realize here the paradigm shift that just occurred with the discount rate hike. The Fed's message is clear, you just need to tune in to hear it! Add to that the fact that AUD is a cowardly currency; it never leads, always ...

AUD/USD

Wow, monsta day coming tomorrow if the markets plunge!

AUD/USD

Okay, what exactly just happened? I can't seem to find anything concrete, other than the news of Iran's nuke development...

AUD/USD

I see that you have the misfortune of using IB charts. Just curious - ever tried a different charting solution with their market data? I tried Sierra but found the UI rather cumbersome.

AUD/USD

Left a BIG short position open just before the end of day today. Asia has not had a chance to react to the Chinese news yet; this should be good for a 50-80 pip drop, come Sunday. A Valentine's day massacre, so to speak. GLTA.

AUD/USD

0.91? Heh, okay whatever. Let's see where it is if the U.S. equities fall 2% Thursday; this is likely if EU waffles on the Greek issue.

AUD/USD

Well, primarily because these numbers come on the heels of three rate hikes. It seems everyone sees it as a mythical country with no worries, unlimited resources and growth prospects - a paradise of sorts. But I see it a bit different; Australia's ...

AUD/USD

Something's not right here: a huge drop in unemployment rate, tons of new jobs... sounds like someone is working hard on fudging the numbers in Australia.

AUD/USD

I don't know about that, man. China needs U.S. no less than U.S. needs China. This has been written about many many times in great detail, and is the source of the neverending trade deficit story that comprises the current status quo that works for ...

USDCAD trend reversal?

Completely wrong. China wants a weaker Yuan and stronger dollar, being primarily an export nation whose #1 customer is U.S.A.

USDCAD trend reversal?

Precious metals are mostly a speculative trade, but gold is the mother of them all. Want proof? Gold is up again today, even as other metals are down. Platinum is down 1%, silver is down, but not gold - talk about a BS divergence! Hell, even copper ...

Gold Discussion

The mother of all bubbles has formed. I see 940 within 3 months, if for no other reason than imminent deleveraging of major funds. Go ahead and flame me about how there's no end in sight to cheap dollars. The wave of euphoria in equities and commods ...

Gold Discussion

I concur. It's being propped up by hopes for strong numbers, otherwise it would already be around 40 pips lower than where it is now. I actually think that if it comes in anywhere under 1%, it will sell off (maybe not right away). If it's much ...

Cable Update (GBPUSD)

This sounds oddly familiar. The disconnect between the sentiment in financial markets and the real economy in the U.S. is getting wider by the day. This reminds me of the euphoria 10 years ago when fundamentals no longer mattered. Well, it turned ...

AUD/USD

Well, let the euphoria commence... that's all I can say.

AUD/USD