06-01-2012, 02:31 PM #451
06-01-2012, 02:37 PM #452
06-04-2012, 08:16 AM #453
$AUD lifts from six month low
The Australian dollar has lifted from a six-month low following the release of stronger than expected domestic capital expenditure data.
At 1700 AEST on Thursday, the Australian dollar was trading at 97.21 US cents, down from 97.93 cents on Wednesday.
It was at 76.61 Japanese yen, down from Thursday's close of 77.81 yen, and at 78.44 euro cents, down from 78.53 euro cents.
During intraday trade the currency hit a six month low of 96.74 US cents.
ForexCT head of research Steven Dooley said the currency rebounded somewhat after the Australian Bureau of Statistics released figures showing a 6.1 per cent rise in new private capital expenditure in the March quarter.
However, he said negative sentiment about the global economy, and in particular Spain, had prevented the currency from rising further.
"There was a little bit of a push higher on those stronger than expected Capex numbers," he said.
"Under normal circumstances we would have expected to see a stronger rally but we are in absolute panic mode at the moment."
The European Commission overnight proposed using European bailout funds to prop up troubled Spanish banks, which are believed to be in need of billions of dollars in government support.
Mr Dooley said the Australian dollar may move higher overnight but faced a turbulent couple of days with a string of economic data due to be released globally, including US non-farm payroll data.
"We think there's a chance of going up as high as 97.50 US cents tonight before we make a move lower."
Meanwhile, Westpac senior market strategist Damien McColough said the negative sentiment from Europe had again pushed Australian bond future to record highs.
"It's not about domestic fundamentals, it's all the global situation," he said.
At 1630 AEST on Thursday, the June 10-year bond futures contract was trading at 97.135 (implying a yield of 2.865 per cent), after earlier reaching an all-time high of 97.205 (2.795 per cent), up from 96.995 (3.005 per cent) on Wednesday.
The June three-year bond futures contract was at 97.860 (2.140 per cent), after earlier reaching a record high of 97.960 (2.040 per cent), up from 97.710 (2.290 per cent).
The Reserve Bank of Australia's Trade Weighted Index was at 73.6, down from 74.0 on Wednesday.
06-08-2012, 05:52 PM #454
Don't mean to brag but here's how the SPX panned out since my last prediction about a month or so ago. As you can see the targets were bang on and I am a happy camper :-)
Originally Posted by duggils
I don't see much interest/appetite here for SPX so I'll stop posting on this instrument from now onwards. Hope someone made money(and there was a lot of money to be made in a 100 point swing) off my predictions but I totally understand if nobody did...because it was free advice :-)
06-08-2012, 10:45 PM #455
please do not stop posting such predictions :-)
06-09-2012, 12:13 PM #456
I do not mind posting my analysis here but if no one is interested in SPX then I might as well focus on other instruments which I have done (check my UJ posts...they all played out incredibly accurately although in the end it shot past my final profit taking at 79).
Originally Posted by kor4x
06-11-2012, 04:16 PM #457
emerging121 pattern on m15 and h1 hidden divergence bullish.it had better wait for 1-2-3 reversal pattern.
06-11-2012, 07:51 PM #458
EURGBP 121 bullish opportunity (with small SL)
06-11-2012, 09:10 PM #459
121 bullish on EURUSD
06-11-2012, 09:19 PM #460
Here's some supporting arguments on EU H4.
Originally Posted by kor4x
I am watching....