Aud/usd

Which dealer do you use?... and what is your handle on Oanda?

Thanks and I'll hang up the phone now and wait for your answer :)

Quote from Exchanges:

I don't trade AUD/USD but I trade AUD/NZD... I surmise that NZD is coming back, and this may be influencing AUD to strengthen (from what I've read).

I just snapped close a 20-pt scalp on AUD/NZD short @1.1454 profit.

ex
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well its yields about 27.50% apr at 50:1 (I do not use 50:1)...the last time I checked on 03/15/06...this takes into account margin tied up and uses Oanda

but only 30% of my 40-50% ROI comes from interest earned...

I prefer to trade interest positive pairs...and AUD/USD does not pay much in interest...compared say to the AUD/JPY...

Quote from Ivanovich:

What interest? It's a point higher now. You trying for $.35 a day or something?
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yes, I hadn't thought of that...oh well I have been in the carry this long...this last scale should get me out next week...or else it will be a long trip and i will just have to pay interest until I can get my way out...

Michael B.


Quote from Exchanges:

He's got a point, ES.

I hammered out #s on AUD/USD (trading long) every which way but finally concluded that another hike in the USD rate will put AUD/USD longs into the negative interest collecting-wise or close to it.

Hence, my reason for not opening an AUD/USD long trade. Otherwise I'd trade it.

Same thing happened with GBP/USD. Now, either way you trade that pair you are paying interest.

It makes eeking out a profit that much more difficult.

x
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I have been in since 03/01/06....but in the simulator...exchanger beat me to it...I trade two accounts, the live one and the demo....gotta go interest just paid in Oanda on the live account, got to update my spreadsheet...

Quote from Ivanovich:

If you want the interest, and a better position, short EUR/AUD - that's where the money is in the interest right now.
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