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 [...]
Entries Categorized as 'aud/usd'
My Favorite Trade: AUD/NZD Update Plus USD/CAD and EUR/GBP
March 17, 2010
My Favorite Forex Trade: AUD/NZD
March 8, 2010
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 [...]
Outlook for Australian Dollar
March 1, 2010
I was on CNBC Australia last night talking about the outlook for the Australian dollar and the upcoming RBA rate decision
My Favorite Forex Trade: GBP/AUD
February 23, 2010
My favorite long term forex trade is short GBP/AUD. From both a technical and fundamental basis, the currency should be headed lower.
Based upon the recent trend of economic data including the highest level of unemployment in 12 years and the sharpest decline in retail sales since Feb 2009, the Bank of England should [...]
AUD/USD and Chinese Reserve Requirements
January 12, 2010
I have been bullish Australian dollars for some time not only because I have witnessed first hand the strength of the Australian economy earlier this year but also because the central bank is slated to raise interest rates again in Feb. Australia’s recovery is largely thanks the expansion in China. Earlier this week, [...]
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