What the hell just happened to the Aussie?

Ivanovich · Dec 18, 2008

All Aussie pairs just dropped through the basement.

AUD/USD 200 pips down, AUD/JPY hammered, and forget about EUR/AUD! Through 2.10!!

davidmaria1 · Dec 18, 2008

Just walked in the house, holy crap!
Where's my reversal?LOL

Grabbed 23

davidmaria1 · Dec 18, 2008

2.1015 was approx daily resistance. It may be ready for another run up?

cstfx · Dec 18, 2008

The GE news caused this?

Ivanovich · Dec 18, 2008

Why would the GE news affect the Aussie?

taodr · Dec 18, 2008

Quantas deal off !

Daal · Dec 18, 2008

Quote from Ivanovich:

Why would the GE news affect the Aussie?

risk aversion

cstfx · Dec 18, 2008

Quote from Ivanovich:

Why would the GE news affect the Aussie?

I am just thinking of the timing of the dive. The Quantas news was already a few hours old before this swoon.

GE down, pushing market down, crude down, Aussie up 400 pts since Tues, just could have been an excuse for a little profit taking.

ssbc19 · Dec 18, 2008

That was crazy. I had a small short, left the computer, came back and had 200 pips.

ssbc19 · Dec 18, 2008

Quote from Ivanovich:

Why would the GE news affect the Aussie?

http://www.cnbc.com/id/15840232?video=971304118&play=1