Share on Facebook Share on Twitter Share on Reddit + - Australian dollar rocket! By Houses and Holes in Australian Dollarat 9:24 am on July 11, 2013 | 5 comments Now that’s piling it on! It’s pretty clearly a technical reaction to being oversold as well as a response to Ben Bernanke’s comments today. Share on Facebook Share on Twitter Share on Reddit + - YOU MAY ALSO BE INTERESTED INAustralian dollar falls as US housing warms upDXY eased last night as EUR firmed and CNYAustralian dollar, bond yields sink as rate cuts locked inThe Australian dollar has resumed its great sinkMacro Morning By Chris Becker The US Federal ReserveAustralian dollar hammered by hawkish Fed rate cutDXY was strong last night with EUR and CNY Comments migtronixMEMBER July 11, 2013 at 10:05 am And look at the Yen tank! Will be below 992000 soon. Good trade that. The Patrician July 11, 2013 at 10:19 am Agreed Gunna. There is a clear mechanism. It is the will that is lacking. swizzy July 11, 2013 at 10:48 am It’s still very volatile. surfbeach2536 July 11, 2013 at 11:38 am Strange business forex, Bernanke can tell people he is going to keep QE going until he gets the desired result. People don’t belive him and after a little while commentators start saying he means he is going to taper QE and then traders believe the commentators and buy USD . Bssed on the recent past, later this week this will all be forgotten and the talk of taper will continue. Or do you think traders will listen this to what Ben says time? migtronixMEMBER July 11, 2013 at 11:47 am When you’re as massively levered on FX swaps as some of these guys (Deutsche looking at you) you can’t wait for the market to move you have to get in or get out before anyone else does.