- Joined
- 18 June 2008
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- 2
Yeah i was about to say it looks to be turning around, nice work on the long though
In and out for a small profit. Japanese govt thinking of abolishing capital gains tax on profits from foreign investments. Sound like they are trying to encourage repatriation of YEN. This is bullish.
Am I reading this correctly?
Australian Dollar -15.78% 01/01-10:28 1.6363 0.6112 1441.70 +196.87 updown +15.81%
Thanks chaps, didn't think most brokers for Spot were even open yet because of all the bank holidays Today.
@wayne....which futures are open at this time?
cheers
Would be interesting to know the plans for further interest rate reductions. Could see a sudden tanking of the AUD as decisions are made and probably suddenly.
Would be interesting to know the plans for further interest rate reductions. Could see a sudden tanking of the AUD as decisions are made and probably suddenly.
yeah, been doing quite well on the no brainer aussie trade.
we should see USD strength and AUD weakness continue on for the remainder of the week, we have job figures thursday which wont be crash hot, and we have 'the great saviour of america' obama coming in soon too - bound to cause a near term rally for the USD.
in this weather, keep ya shorts on i think.
That might be a bit hard for me to do...keep ya shorts on i think.
Will Rudd & Co go for a big cash giveaway or even consider, as the UK is being reported to be considering, just printing more currency?
Recent AUD weakness may be due to the dramatic fall in the mining and related sectors. Rio seems to have set a trend, "if they can do it every mining company must."
Accordingly foreigners are not certain whether equally dramatic action will be taken on interest rates or not. Is zero possible in 2009 or will there be only a gradual slide to 3% or so?
Will Rudd & Co go for a big cash giveaway or even consider, as the UK is being reported to be considering, just printing more currency?
Bah I had a beautiful short open last night at 67.085, when I went to bed it was up +39 pips! Set a small profit stop (+3 pips) and passed out. Woke up this morning to find myself stopped out during early US market action followed by market close this morning at 66.2!
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