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 11 Comments »

I was on the Business News Network this morning talking about my reaction to the Australian rate hike, the IMF’s report on Chinese Yuan undervaluation and my outlook for the Canadian rate decision
Click on image to access the video

Posted in 2009 canadian dollar, Australian Dollar, Bank of Canada, australian dollar forecast, china, chinese yuan No Comments »

I was on CNBC Australia last night talking about the outlook for the Australian dollar and the upcoming RBA rate decision

Posted in Australian Dollar, aud/usd, australian dollar forecast, forex blog No Comments »

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 [...]

Posted in Australian Dollar, British Pound, Favorite Forex Trades, aud/usd, forex blog 9 Comments »

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, [...]

Posted in Australian Dollar, aud/usd, australian dollar forecast, chinese reserve ratio 5 Comments »