Long AUD/JPY Trade Done
29/10/08 19:00
Hello Pro Traders Club Member
AUD/JPY moves 800 pips from trade call level.
As you recall, i suggested a long trade on AUD/JPY or short JPY on other crosses. Due to the intense nature of the markets recently, i regret that i did not have time to produce a PTC video to explain the trade and its parameters. Any time a trade suggestion is made, in any capacity, there will be blind aspects of the trade to everyone with the exception of the individual who has called the trade, because we all view the market and price action differently.
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AUD/JPY moves 800 pips from trade call level.
As you recall, i suggested a long trade on AUD/JPY or short JPY on other crosses. Due to the intense nature of the markets recently, i regret that i did not have time to produce a PTC video to explain the trade and its parameters. Any time a trade suggestion is made, in any capacity, there will be blind aspects of the trade to everyone with the exception of the individual who has called the trade, because we all view the market and price action differently.
Read More...
Australia data shows signs of stabilization
09/09/08 23:09
Australian data released yesterday showed some signs
of stabilization in the economy. Monthly retail trade
jumped 1.4% in July (UBSe. 0.8%m/m, cons. 0.5% m/m)
and the NAB business conditions in August rose
slightly to -3 from -5. Total housing lending in July
also rose by0.6%, after 5 consecutive monthly
declines totaling more than 23%.
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AUD Pulls Back on Weak Micro Data, Bank Fears and Respect for RBA Policy Shift
31/07/08 23:22
The AUD has fallen sharply this morning on the back
of a local newspaper article arguing that the RBA is
on the verge of starting its easing cycle.
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Australia faces worse crisis than America
30/07/08 22:14
The world's financial storm has swept through
Australia and New Zealand this week amid mounting
signs of contagion across the Pacific region.
Click here for the full article. Read More...
Click here for the full article. Read More...
USD can't find reason to rally amid the negative sentiment and data
02/07/08 23:43
Naturally, the USD can't find reason to rally amid
the negative sentiment and data. ADP employment
reported showed -79k contraction in the private job
markets, much worse than expectation of -20k.
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