Link to live DOW chart. — Just witnessed a bearish pennant in the EUR/USD and a continuation triangle in the DOW breakout in a correlated fashion. Since most subscribers to this thread are carry trade currency traders, here is a link to a ...

Commodity Currencies

Look for oil hitting at least $95 and 10yr treasury bond yielding above 3.8%, before fixing yourseld to a long position with the AUD. If these conditions are met, then happy days may be back . The rise in commodity currencies today can only be ...

Commodity Currencies

Agree completely with everything, expect that if we do breakout to the 1.7 - 1.8 range, I don't think we will recover to the 1.5500 level in 2008, it could stay higher much longer, especially if a global recession arrives.

Commodity Currencies

Decoupling — TickerShuffle, Hope all didn't go completely south. Let me explain my stance on the Aussie: The article on the AUD depends on the theory of decoupling being false. Quote: "While U.S. retail sales during the holiday season rose at ...

Commodity Currencies

Could you provide the link to the news article please? EUR/AUD should really be treated more as a carry trade pair. It's not as volitile as some others, but macro-economoic news usually does not influence its movements directly, but indirectly ...

Commodity Currencies

Indeed stochastics hadn't hinted at overbought levels yet. Although 1.6800 sounds like a good resistance for now.

Commodity Currencies

I think it actually has some ways to go before it runs out of steam...

Commodity Currencies

TexasforEx, I second that. DOW gave back all gain with a H&S pattern and ended in negative territory... what a beauty. ________ scexglobal

Commodity Currencies

Analysis. — EUR/AUD is moving side ways and has been trading within a 50 pip range for 1 1/2 days. Volitility is low and indecision is high! Asian/Australian markets are all down around 1%, probably due to fears that the Fed won't follow ...

FED cut rate what will happen ?

The stock market rally is what is worrying me a bit. If equities close in the positive again on Tuesday and the Fed don't follow through with the expected 50 bsp cut, well then good night! _________ scexglobal

Commodity Currencies

EUR/AUD outlook/analysis — This post mainly concerns the EUR/AUD, but I'm sure that other AUD traders could benefit from a discussion of this pair. Since the beginning of the year the AUD has been less and less able to recover from bad news ...

Commodity Currencies

Very good point on the USD becoming a low yielder.

Commodity Currencies