I got out with only 16 pips, you could tell they were planning to push the AUD lower. my NZD trade did about the same

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I agree, it is good experience as well Woop Woop is Australian Slang (an imaginary remote town or district symbolizing isolation and backwardness.)

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Only for jobs out in Woop Woop (middle of nowhere...) url

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I agree it feels tired

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I don't know which planet he was referring to but in Australia secretaries don't earn this much. The norm would be around $50K but could go up depending on responsibility and skills...

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Hi DB Can you move that cloud on the right? Its obstructing the blue line

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Depends on your timeframe, I just went long for a bit on AU and NU I'll move my stop to BE shortly

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ok that's your opinion and you can trade it but I'd rather be here than anywhere else in the world

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Arman IMO you need to work on your trading strategy

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No the government does NOT control the value of the AUD It is free floating and its value is determined by market forces and by RBA intervention

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Yes I'm from Australia Regarding buying power, a 10% drop in the value of the AUD isn't going to hurt because the price of goods has been coming down in previous years but it isn't good for importers who now have to pay 10% more for the goods they ...

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So IMO there will be no further rate cuts and I forgot to mention that the biggest mover of the economy is housing construction and this is an area which is going to benefit from the very low interest rates. Now I don't know if the current interest ...

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Australia imports most of its retail goods plus fuel is priced in USD so the recent fall in the AUD will result in inflation which means higher interest rates not lower

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Well, history is telling us that the current cash rate is the lowest its been for a very long time. The RBA doesn't cut rates month after month, they are waiting for the economy to respond and btw I read it in one of their releases that it is ...

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Good entry and low risk but IMO reconsider your TP because IMHO it is likely to reverse and hit your SL before it gets to 550

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It should go up but I'd put a tight SL because in recent times price didn't respond to positive AUD news because of the increased demand for USD's.

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IMO Rates will be on hold, the RBA hasnt got much more room to move down on rates. The big boys already know this and haven't pushed the AUD further today. However today's bull run could turn into a bear run tonight (when NY opens) just to fool all ...

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No I was chatting with Ben about this

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The RBA decision next week will be AUD positive but the overall AUD direction depends on USD strength It is possible that AU will be ranging until next week

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