Australian Dollar watch - Page 43

Ultimate Hater · March 13th, 2012, 08:07 AM

Quote:

Originally Posted by C-Beam

Y u hating on me, Ultimate Hater?

It's the opposite - anyone who puts half his net worth on a single trade is pretty much my hero.

LanceDriver · March 13th, 2012, 08:59 AM

^ What, like a term deposit?

ryan79 · March 13th, 2012, 09:12 AM

A term deposit is a trade?

Ultimate Hater · March 13th, 2012, 09:13 AM

Pretty sure that Kochie said it was.

C-Beam · March 13th, 2012, 12:27 PM

Quote:

Originally Posted by Ultimate Hater

It's the opposite - anyone who puts half his net worth on a single trade is pretty much my hero.

Oh, I thought it is cause I'm ginger.

AUD/USD

AUD/EUR

Qantas743 · March 15th, 2012, 01:04 AM

AUD hits 7-week low on stronger USD.

asdfg · March 19th, 2012, 03:28 PM

AUD continuing to weaken against GBP.

Just went past 1.5 AUD / 1 GBP today.

lajofa · March 19th, 2012, 03:50 PM

I hope Jesus comes back tomorrow.

Bullswool · March 20th, 2012, 04:49 AM

Quote:

Originally Posted by asdfg

AUD continuing to weaken against GBP.

Just went past 1.5 AUD / 1 GBP today.

Really? Looks to be much the same against the GBP as it has been for a few months. Not too much change at all.

tayser · March 20th, 2012, 07:58 AM

Quote:

Originally Posted by asdfg

AUD continuing to weaken against GBP.

Just went past 1.5 AUD / 1 GBP today.

*smile*

this is why there is a convention for quoting FX rates.

GBP is ALWAYS on the left hand side of the pair except for EUR/GBP and XAU/GBP

GBP/AUD = 1.5002

That reads, 1GBP = 1.5002 AUD

AUD/GBP is never quoted, you simply perform "1 divide [rate]"

1 / 1.5002 = 0.6666 (or 1AUD = 0.6666 GBP).

convention quotes - XAU is the only currency (gold that is!) that is always on the left hand side of the pair, then it's EUR, then it's GBP, AUD and NZD (Sterling always viewed as a strong currency and AUD and NZD followed GBP - CAD is considered weaker as it has more to do with USD in every day trade) then USD, then CHF and CAD. JPY is for the most part always on the right hand side of the pair

XAU/USD
XAU/EUR
XAU/AUD
EUR/USD
EUR/GBP
EUR/AUD
EUR/CHF
EUR/CAD
EUR/NZD
EUR/JPY
GBP/AUD
GBP/USD
GBP/JPY
GBP/CHF
GBP/CAD
GBP/NZD
AUD/USD
AUD/CAD
AUD/CHF
AUD/JPY
AUD/NZD
NZD/USD
NZD/JPY
NZD/CHF
NZD/CAD
USD/JPY
USD/CAD
USD/NZD
USD/CHF

and so on.

Bullswool · March 20th, 2012, 08:12 AM

Or alternatively google "1 AUD to GBP" - much easier than doing the calculations yourself

tayser · March 20th, 2012, 08:41 AM

dont even have to hit that many keys

AUD/GBP will work too - type any of those listed pairs as they are and they'll give you the rate. and flip them around to get the reverse

asdfg got confused because people were talking about AUD/GBP in here, but he saw a quote for GBP/AUD

Bullswool · March 20th, 2012, 08:45 AM

Win! You just saved me micro seconds!

Qantas743 · March 20th, 2012, 11:46 AM

Massive drop for AUD today - got up to 1.0630 at lunchtime now back to 1.0489.

asdfg · March 20th, 2012, 11:55 AM

Quote:

Originally Posted by tayser

AUD/GBP will work too - type any of those listed pairs as they are and they'll give you the rate. and flip them around to get the reverse

asdfg got confused because people were talking about AUD/GBP in here, but he saw a quote for GBP/AUD

I used GBP as the dominant currency for forex ratios for most of my life, and have only recently swapped them round as I now live in Oz. I still "get" the value better if GBP is on the left.

Plus 1.5 is a more obvious 'milestone' than 0.666666667.

I used the made up notation because I was being lazy. The maths is pretty straightforward.

asdfg · March 20th, 2012, 12:06 PM

I know you're all on tenterhooks here, so, more weakening of the AUD against the GBP:

GBP/AUD = 1.5104

a.k.a.

AUD/GBP = 0.6621

C-Beam · March 20th, 2012, 01:25 PM

What a great day! I'm getting rich beyond my wildest dreams!

Dimethyltryptamine · March 20th, 2012, 01:29 PM

***Bond James Bond*** · March 21st, 2012, 03:31 AM

I was just about to say, looks like C-Beam's bet is doing well.

***Bond James Bond*** · March 21st, 2012, 03:41 AM

From a technical perspective, C-Beam's bet is definitely looking well:
http://www.marketwatch.com/investing/currency/AUDUSD
On the 3-month chart you've got a head-and-shoulders pattern with both the right shoulder and the right neckline lower than the left shoulder and neckline. Classic bearish setup.

The other thing to short would be gold. On the 1-year chart you've got the classic bubble parabolic runup last summer, followed by a crash, then 2 consecutive local tops, each of which has been lower than the previous one, and the necklines between the tops lower than the previous necklines. Classic triple top pattern. It's easily going to $1500.
http://www.marketwatch.com/investing/future/gold

March 13th, 2012, 09:12 AM	#843
ryan79 Destorying our history Join Date: Mar 2006 Location: Perth Posts: 9,847 Likes (Received): 100	A term deposit is a trade? __________________ I'm free to say what I want

March 15th, 2012, 01:04 AM	#846
Qantas743 Proud Victorian! Join Date: Nov 2006 Location: Melbourne Posts: 4,512 Likes (Received): 28	AUD hits 7-week low on stronger USD. __________________ "In Guy We Trust"

March 20th, 2012, 08:41 AM	#852
tayser Champagne Socialist Join Date: Sep 2002 Location: Melbourne Posts: 10,532 Likes (Received): 32	dont even have to hit that many keys AUD/GBP will work too - type any of those listed pairs as they are and they'll give you the rate. and flip them around to get the reverse asdfg got confused because people were talking about AUD/GBP in here, but he saw a quote for GBP/AUD __________________ "America gave the world George Bush, France gave the world the ménage à trois... Game Over." UrbanMelbourne.info

March 20th, 2012, 11:46 AM	#854
Qantas743 Proud Victorian! Join Date: Nov 2006 Location: Melbourne Posts: 4,512 Likes (Received): 28	Massive drop for AUD today - got up to 1.0630 at lunchtime now back to 1.0489. __________________ "In Guy We Trust"

March 20th, 2012, 01:25 PM	#857
C-Beam German Deep State Agent Join Date: Apr 2006 Location: Frankfurt Posts: 2,412 Likes (Received): 521	What a great day! I'm getting rich beyond my wildest dreams! __________________ Mises.org \| FullReserveBanking.com \| ParteiDerVernunft.de \| AlternativeFuer.de

March 13th, 2012, 08:59 AM	#842
LanceDriver 70's porn star Join Date: Feb 2007 Location: Sydney Posts: 6,750	^ What, like a term deposit?

March 13th, 2012, 09:13 AM	#844
Ultimate Hater Registered User Join Date: Jan 2012 Posts: 854 Likes (Received): 0	Pretty sure that Kochie said it was.

March 19th, 2012, 03:28 PM	#847
asdfg Registered User Join Date: Mar 2006 Posts: 1,046 Likes (Received): 43	AUD continuing to weaken against GBP. Just went past 1.5 AUD / 1 GBP today.

March 19th, 2012, 03:50 PM	#848
lajofa Registered User Join Date: Sep 2010 Posts: 222 Likes (Received): 25	I hope Jesus comes back tomorrow.

March 20th, 2012, 08:12 AM	#851
Bullswool Perthite Join Date: May 2006 Location: London Posts: 7,835 Likes (Received): 129	Or alternatively google "1 AUD to GBP" - much easier than doing the calculations yourself

March 20th, 2012, 08:45 AM	#853
Bullswool Perthite Join Date: May 2006 Location: London Posts: 7,835 Likes (Received): 129	Win! You just saved me micro seconds!

March 20th, 2012, 12:06 PM	#856
asdfg Registered User Join Date: Mar 2006 Posts: 1,046 Likes (Received): 43	I know you're all on tenterhooks here, so, more weakening of the AUD against the GBP: GBP/AUD = 1.5104 a.k.a. AUD/GBP = 0.6621

March 20th, 2012, 01:29 PM	#858
Dimethyltryptamine Registered User Join Date: Aug 2009 Posts: 10,647 Likes (Received): 425

March 21st, 2012, 03:31 AM	#859
*Bond James Bond* Licence to kill. Join Date: Aug 2002 Location: Apple Maggot Quarantine Area Posts: 6,996	I was just about to say, looks like C-Beam's bet is doing well. __________________ Please DO NOT "like" any of my posts or request "friend" status. I don't care if you like me, or my posts. Thank you. - If you do either of these more than once you will be put on my ignore list.

March 21st, 2012, 03:41 AM	#860
*Bond James Bond* Licence to kill. Join Date: Aug 2002 Location: Apple Maggot Quarantine Area Posts: 6,996	From a technical perspective, C-Beam's bet is definitely looking well: http://www.marketwatch.com/investing/currency/AUDUSD On the 3-month chart you've got a head-and-shoulders pattern with both the right shoulder and the right neckline lower than the left shoulder and neckline. Classic bearish setup. The other thing to short would be gold. On the 1-year chart you've got the classic bubble parabolic runup last summer, followed by a crash, then 2 consecutive local tops, each of which has been lower than the previous one, and the necklines between the tops lower than the previous necklines. Classic triple top pattern. It's easily going to $1500. http://www.marketwatch.com/investing/future/gold __________________ Please DO NOT "like" any of my posts or request "friend" status. I don't care if you like me, or my posts. Thank you. - If you do either of these more than once you will be put on my ignore list.

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