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Ken A replied Oct 4, 2012No, I mean to short EUR/AUD when AUD/USD is at around 1.01 or parity. AUD/USD drops from 1.0470 prior to rate cut to current level. And if things are not going well in Aussie and China, parity is imminent and that will boost EUR/AUD and GBP/AUD. So ...
EurAnalysis
- Ken A replied Oct 4, 2012
From what I see since RBA cut rate, the AUD is unwinding to EUR/AUD. For me the safer bet is when AUD/USD @ 1.01 or parity. I could be wrong though.
EurAnalysis
- Ken A replied Oct 4, 2012
For divergence correction I normally look at daily/weekly/monthly. Lower TFs might play out but reverse afterwards but for scalping that's good.
EurAnalysis
- Ken A replied Oct 4, 2012
Almost sure because gold spiked up then reversed and there's nothing new coming from Draghi. But good US Unemployment Claims might sends this pair higher as risk-on.
EurAnalysis
- Ken A replied Oct 4, 2012
Not sure I understand. Maybe people in different places looking at defrauding differently?
EurAnalysis
- Ken A replied Oct 4, 2012
Sorry, didn't know what you're trying to say by showing the chart in previous post.
EurAnalysis
- Ken A replied Oct 4, 2012
Why not? 1.2954 - 1.2962 been tested many times and bounced off.
EurAnalysis
- Ken A replied Oct 4, 2012
USD and Euro are gaining strength but Euro gains more as shown by DXY, EUR/JPY, EUR/AUD, AUD/USD and GBP/USD. Not sure if BoE will cut rate today.
EurAnalysis
- Ken A replied Oct 4, 2012
FBI E-Mail Updates FOREX Trader Sentenced to Three Years in Prison for Defrauding 47 Investors of $2.3 Million Over Two Years Oct. 2, 2012 - Chicago
EurAnalysis
- Ken A replied Oct 4, 2012
I am out, just fun watching. Money always seeks higher yields so can not predict where it will close on Friday before the data.
AUD/USD
- Ken A replied Oct 4, 2012
Not expecting higher than 1.0260 in the next 6 hours because ECB press conference and Unemployment claim due in the morning.
AUD/USD