Trading -AUD/USD

Quote from Visaria:

estimated change in employment is ...10,000! How many people live in Aus?
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23,269,735 people.

But since Mike Dundee left there are currently only 23,269,734 people in Australia :D

paul-hogan-crocodile-dundee.jpg
 
Jokes aside I am long the EUR/AUD at 1.4190

If you want to make big money with the news, you have to play the crosses instead of the currency itself (AUD/USD in this case).

For example AUD/USD could move 50 pips after the employment report while the EUR/AUD or the GBP/AUD could jump 100 pips during the same period of time. Of course the risk is also bigger.

Anyway, let's wait and see now...

(Copycat traders, as always trade at your own risk)
 
Quote from xelite777:

Jokes aside I am long the EUR/AUD at 1.4190

If you want to make big money with the news, you have to play the crosses instead of the currency itself (AUD/USD in this case).

For example AUD/USD could move 50 pips after the employment report while the EUR/AUD or the GBP/AUD could jump 100 pips during the same period of time. Of course the risk is also bigger.

Anyway, let's wait and see now...

(Copycat traders, as always trade at your own risk)
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What's each pip worth on the EUR/AUD?
 
Quote from blah12345678:

What's each pip worth on the EUR/AUD?
More...

In the Forex market on the EUR/AUD each pip is currently worth...

$9.50 per standard lot (100,000 units of currency)

$0.95 per mini lot (10,000 units of currency)

$0.095 per micro lot (1,000 units of currency)
 
Quote from xelite777:

In the Forex market on the EUR/AUD each pip is currently worth...

$9.50 per standard lot (100,000 units of currency)

$0.95 per mini lot (10,000 units of currency)

$0.095 per micro lot (1,000 units of currency)
More...

If the Aussie jobs report is good and the ECB cuts the deposit rate tomorrow, wouldn't you want to be short (if you were swing trading)?

Seems you're betting the Aussie jobs data is going to be bad...
 
Quote from blah12345678:

If the Aussie jobs report is good and the ECB cuts the deposit rate tomorrow, wouldn't you want to be short (if you were swing trading)?

Seems you're betting the Aussie jobs data is going to be bad...
More...

I never, ever trade with fundamentals, I just follow what the charts are telling me now.

This long EUR/AUD trade could be wrong of course, but that's another story.
 
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