What's your prediction on the Australian Dollar?

[whatmeworry]

This is what the Brexit looked for the AUD against the USD.

 

[cove]

Nice drop!
Pound got hammered.

 

[Awesom Andy]

Interestingly Reuters was reporting yesterday that Barclays and one or two other traders were prohibiting stop/loss orders for fear that if the pound dived there wouldn't be enough buyers to satisfy the orders.

There were indeed reports of poor liquidity, although I wouldn't be able to confirm that myself.

 

[whatmeworry]

I remember a decade or so ago the barmy army singing 3 dollars to a pound. Oh well, I guess a trip to the UK is in order.

 

[RAM]

... a highly reputable news source *cough*

News outlets will say anything to get a few extra readers.

Certainly turned out to be did it not?

 

[Flashback]

BBC calling the Brexit. Pound has now lost value today then during the GFC. Expect less English tourists.

14c drop against the USD when I woke up. AUD was only 2c so nothing that makes much difference on that front.

 

[Foreigner]

All in all a good day from my perspective. The Australian market is closed for the weekend and Asian ones will close shortly. Will be interesting to see what happens when European and US markets open Friday.

 

[marki]

All in all a good day from my perspective. The Australian market is closed for the weekend and Asian ones will close shortly. Will be interesting to see what happens when European and US markets open Friday.

Foreigner how does one get into currency trading. Are the sums large? Are they yours or do you do it on behalf of a bank?

What's sort of person do you have to be to get into the game.

Thanks

 

[Awesom Andy]

What's sort of person do you have to be to get into the game.

Very similar to a pilot, I would say. You have to follow the rules and systems, and you have to be able to make quick decisions on the fly when something happens. Although I suppose you can only lose money and reputation rather than flying into a mountain.

 

[marki]

Very similar to a pilot, I would say. You have to follow the rules and systems, and you have to be able to make quick decisions on the fly when something happens. Although I suppose you can only lose money and reputation rather than flying into a mountain.

AA a drop to much missed the meeting ?

Last I looked your not a "Foreigner"

 

[Awesom Andy]

AA a drop to much missed the meeting ?

Last I looked your not a "Foreigner"

Fair enough. I would retract but you've already quoted it.

 

[earlyriser]

Any ideas what the AUD/USD XE would do if Trump was elected?

 

[marki]

Fair enough. I would retract but you've already quoted it.

Nah don't worry I forgot to put a smiley in there I was being cheeky

 

[Saab34]

NAB and CommBank suspended all GBP and USD exchanges as of now, won't say when back online.

Going off the Facebook grilling they are getting could be brand damaging...

 

[marki]

NAB and CommBank suspended all GBP and USD exchanges as of now, won't say when back online.

Going off the Facebook grilling they are getting could be brand damaging...

What no way that is seriously abnormal

 

[Cruiser Elite]

People still use the big 4 to trade cureency? Seriously?

 

[marki]

People still use the big 4 to trade cureency? Seriously?

For corporate customers rates are competitive but for us plebs they rake it in like there's no tomorrow. I use HiFX
But I have heard there is a guy at bell direct who gives the best rates ever!

 

[Saab34]

People still use the big 4 to trade cureency? Seriously?

I think it's more those loadable travel cards which are apparently affected

 

[Awesom Andy]

It's a bit like that in SIN as well. For cash exchanges, we don't use banks, but we have money changers. Either they aren't selling GBP at all, or they are selling GBP at yesterday's rate but buying at today's rate.

 

[Cruiser Elite]

AUD one week mvt leading up to and post Brexit vote:



Intersting times huh?