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Australian Dollar falls as RBA stays open to intervention; Reserve Bank of Australia could be leaning against the Aussie already
Topic Started: 22 Nov 2013, 08:07 AM (3,295 Views)
hoofarted
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I think we may see a bit of a retracement from here. Currently 0.8905 / USD. I target at least 0.9350 / USD by end of Jan. Then again, I could be wrong.
Edited by hoofarted, 19 Dec 2013, 06:33 AM.
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newjez
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hoofarted
19 Dec 2013, 06:32 AM
I think we may see a bit of a retracement from here. Currently 0.8905 / USD. I target at least 0.9350 / USD by end of Jan. Then again, I could be wrong.
I can see no reason for the current trends to change. But that doesn't mean reasons won't crop up.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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hoofarted
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newjez
19 Dec 2013, 06:42 AM
I can see no reason for the current trends to change. But that doesn't mean reasons won't crop up.
Interesting that you choose to use the word reason when discussing forex.
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goldbug
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newjez
16 Dec 2013, 05:22 PM


Beware the falling dollar. It is a doubled edged sword.
You need a hedge that increases in value as the aussie dollar falls, yet still benefits from a falling US dollar. I only know of one or two myself :)
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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newjez
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goldbug
19 Dec 2013, 07:09 AM
You need a hedge that increases in value as the aussie dollar falls, yet still benefits from a falling US dollar. I only know of one or two myself :)
My aussie super is in unhedged international shares. Not entirely happy, but so far so good.

I don't understand your post hoof. What other word would you have me use?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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hoofarted
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newjez
19 Dec 2013, 07:18 AM
My aussie super is in unhedged international shares. Not entirely happy, but so far so good.

I don't understand your post hoof. What other word would you have me use?
There is no "reason" when it comes to forex. It just is. Not that you or I are wrong or right. No reason I guess.
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miw
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hoofarted
19 Dec 2013, 06:32 AM
I think we may see a bit of a retracement from here. Currently 0.8905 / USD. I target at least 0.9350 / USD by end of Jan. Then again, I could be wrong.
Being right about Forex is pretty bloody hard. :-) I tend to agree with you later comments about reason.

Back at 0.8872 now.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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hoofarted
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It is interesting because I know what I want it to do but it does not know what I want so it does not do it. So, just accept it. I don't want a retrace but it may happen. If it does, 93.5 is my target.
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newjez
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hoofarted
19 Dec 2013, 07:21 AM
There is no "reason" when it comes to forex. It just is. Not that you or I are wrong or right. No reason I guess.
The exchange rate depends largely on the economic fundamentals of the country in question, and the direction interest rates are moving. On top of that, govts can actively try and effect which way the money markets move. Other countries can also affect the money markets of a particular currency. These are the reasons I was referring to.
Edited by newjez, 19 Dec 2013, 07:37 AM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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hoofarted
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I didn't say I didn't want it lower but there is every chance of a retrace and every chance that it does not. Looking for reasons is a mugs game. Reason is subjective and to make matters worse, it is your own subjectivity that affects reason. Fascinating that I can read this crap and I sound like a Mr Cat sock puppet.
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