It has been a very busy and wonderful two-week. After seeing off my families back to Malaysia, I am back to my trading desk. I hope to start some tradings soon. 

It is very interesting to know how the retail business people from south east asia (particularly from Indonesia, Malaysia and Singapore) view Australia dollar. They are bullish. For medium to long term , I guess. At the moment, in both Malaysia and Singapore, most probably you can’t buy Australian dollar from retail money changer on the spot. Instead, you’ve to pre-order, and collect it later. People are rushing to buy the Aussie. Supply is short. In fact, my sister was not able to find any Aussie dollar prior coming to Melbourne. This is interesting, isn’t it? 

Of course, this is not enough to create a bullish view of Aussie dollar just yet. In fact, it shows that most of retail traders/investors might still live in the old Aussie dream. This is not a simple correction, this is a pretty serious damage of Australian dollar trend. It might take awhile before their ‘investment’ takes off again. Let’s see how it goes.

So, the House decided not to save the rich-men World. Dow index collapsed 777 points. Gold rallies now. But, where is Aussie dollar going? Decoupling from Gold movement? Australia is one of the largest gold exporters. Of course, this doesn’t guarantee the prosperity of australian dollar.

But, what exactly is the problem of Australia economy? OK,It stalls now. Well, some banks have some shitty involvements in America. Economic figures are not signaling disaster at the moment. There might be some shitty underneath, but, at the moment, I see this as panic selling. And I for one, do not believe in USD rally.

Technically, we are still sitting on the weekly support line. With support of the Gold. I am putting a small long position of Aussie dollar now. As usual I can be very very wrong, but I want the market to prove me wrong.