Last week, I wrote that shorting AUD/NZD is my favorite trade. At that time, I said that if the currency pair rallies back above 1.31, then the uptrend has resumed and my call is wrong. However, AUD/NZD tortured me and came within 2 pips of 1.31 (1.3098) before reversing sharply lower. There [...]

Posted in Australian Dollar, Forex Technicals, aud/usd, forex blog 9 Comments »

Here is my dissection of the March 16 Fed Statement
FOMC Statement March 16, 2010
Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing ( upgraded “from deterioration in the labor market is abating”). Household spending is expanding at a [...]

Posted in FOMC, FOMC Minutes, Fed Rate Cut, Federal Reserve, forex blog 4 Comments »

I was on CNBC Squawk Box Australia last night talking about the outlook for the Japanese Yen as well as the European currencies:

Posted in CNBC, forex blog 6 Comments »

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My favorite forex trade right now is shorting AUD/NZD.
After hitting a 9 year high of 1.3124 last week, the rally in AUD/NZD is losing steam. I should have posted about this earlier, but I think there is still room for the currency pair to fall.
Last week, the Reserve Bank of [...]

Posted in Australian Dollar, Favorite Forex Trades, New Zealand dollar, aud/usd, australian dollar forecast, forex blog, forex signals 19 Comments »