Thread: Discuss the AUD/USD, NZD/USD , USD/CAD and more

Originally Posted by Gregory McLeod

Bam! Big Moves in Aussie and Kiwi

"The Chinese central bank lowered its one-year yuan deposit rate 25 basis points and its one-year lending rate by 31 basis points, according to Dow Jones Newswires. The central bank also announced more relaxed rules on lending, allowing bank lending rates to fall to 70% of the benchmark rate, down from 80% currently." - Wall Street Journal

It sounds like they're worried about something..
Beautiful morning for eur/usd shorts.

DailyFX.com Bulls vs. Bears: The Spread Betting Morning Update July 5 - 2012

Main presentation
Bulls vs Bears - The spread Betting Morning Update July 5 - 2012 | DailyFX: Bulls vs Bears on Blip

QA Session
QA Bulls vs Bears - The spread Betting Morning Update July 5 - 2012 | DailyFX: Bulls vs Bears on Blip

AUDCAD


AUDUSD

Originally Posted by Mary R

It sounds like they're worried about something..
Beautiful morning for eur/usd shorts.

Yes indeed it is, much better than Aussie shorts! The Pacific currencies are surfing on a wave of China easing versus the dollar.

Originally Posted by Gregory McLeod

Yes indeed it is, much better than Aussie shorts! The Pacific currencies are surfing on a wave of China easing versus the dollar.

Yes, and the first weeks in July are usually bullish for the stock market and risk appetite. Better than expected ADP employment could be the precursor to a much better than expected NFP. But I think AUD may be limited in the move above 1.03

Originally Posted by Mary R

Yes, and the first weeks in July are usually bullish for the stock market and risk appetite. Better than expected ADP employment could be the precursor to a much better than expected NFP. But I think AUD may be limited in the move above 1.03

So August could see a resurgence of the "Aussie Bear" given the bullishness in equities this month?

USDCAD - The ratio of long to short positions in the USDCAD stands at 1.77 as nearly 64% of traders are long. Yesterday, the ratio was at 1.66 as 62% of open positions were long. In detail, long positions are 2.2% higher than yesterday and 97.1% stronger since last week. Short positions are 4.2% lower than yesterday and 46.2% weaker since last week. Open interest is 0.2% weaker than yesterday and 11.7% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.33 as nearly 57% of traders are short. Yesterday, the ratio was at -2.04 as 67% of open positions were short. In detail, long positions are 47.7% higher than yesterday and 0.4% stronger since last week. Short positions are 3.9% lower than yesterday and 56.8% stronger since last week. Open interest is 13.1% stronger than yesterday and 33.1% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.42 as nearly 59% of traders are short. Yesterday, the ratio was at -1.29 as 56% of open positions were short. In detail, long positions are 8.6% lower than yesterday and 18.4% weaker since last week. Short positions are 1.0% higher than yesterday and 42.7% stronger since last week. Open interest is 3.2% weaker than yesterday and 0.2% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.



How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

Originally Posted by Gregory McLeod

So August could see a resurgence of the "Aussie Bear" given the bullishness in equities this month?

It's hard to say . AUDUSD seems to have strong resistance around the 50 week moving average of 1.0293 . Stocks usually rally in anticipation of earnings and sell off afterwards unless the earnings are much better than expected. So we may see AUDUSD and the stock market range bound for another week or two. However, I think we will see a big fall in AUDUSD before it can resume a true upward trend. The PBOC rate cuts as well as a weakening of iron ore prices means that the Chinese demand for Australian exports continues to slow

Originally Posted by Gregory McLeod

USDCAD - The ratio of long to short positions in the USDCAD stands at 1.77 as nearly 64% of traders are long. Yesterday, the ratio was at 1.66 as 62% of open positions were long. In detail, long positions are 2.2% higher than yesterday and 97.1% stronger since last week. Short positions are 4.2% lower than yesterday and 46.2% weaker since last week. Open interest is 0.2% weaker than yesterday and 11.7% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.33 as nearly 57% of traders are short. Yesterday, the ratio was at -2.04 as 67% of open positions were short. In detail, long positions are 47.7% higher than yesterday and 0.4% stronger since last week. Short positions are 3.9% lower than yesterday and 56.8% stronger since last week. Open interest is 13.1% stronger than yesterday and 33.1% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.42 as nearly 59% of traders are short. Yesterday, the ratio was at -1.29 as 56% of open positions were short. In detail, long positions are 8.6% lower than yesterday and 18.4% weaker since last week. Short positions are 1.0% higher than yesterday and 42.7% stronger since last week. Open interest is 3.2% weaker than yesterday and 0.2% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.



How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

Resistance above 1.03 in AUDUSD may hold

new lows EURAUD EURNZD

Dear members,

Thank you for a brilliant start of this year – making this forum the best spot on the web for traders that are genuinely interested in trading. With your different approaches and heated discussions, you give rise to a unique place on the web.

To make it an even better place to share ideas we will be updating some of the threads which will cause some broken links it’s therefore important that you bookmark the link to the forum main page which is the following link http://forexforums.dailyfx.com


For the EUR/USD and GBP/USD sections we are also forced to create new threads as the old ones are just too big.
For EUR/USD we have these new threads

• Main thread: Discuss EUR/USD - Short term ideas and trading - H2 2012
• Discuss EUR/USD - Long term ideas and trading

For GBP/USD we have these new threads

• Main thread: Discuss GBP/USD - Short term ideas and trading - H2 2012
• Discuss GBP/USD - Long term ideas and trading

These threads will replace the current main threads as “Discuss EUR/USD News with a DailyFX Analyst” and Discuss the GBP/USD with a DailyFX Analyst. These threads will still be available but closed for new messages.


So please use the new threads starting from Monday July 9 2012 as the old ones will be closed.


Feel free to reach out to me or Gregory McLeod if you have any questions regarding these changes or have ideas on how to improve the interaction on the forum.


Thank you
Alejandro

Originally Posted by root-minus

new lows EURAUD EURNZD

Interest rate differential widening out in favor of NZD and AUD with the 25 basis point cut bhy ECB.

Here are Elliott Wave Counts for AUD/USD

Originally Posted by Gregory McLeod

Interest rate differential widening out in favor of NZD and AUD with the 25 basis point cut bhy ECB.

good day to you Gregory

Originally Posted by Gregory McLeod

The Pacific currencies are surfing on a wave of China easing versus the dollar.

What do you guys/girls think about SGD ??

. .