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 17 Comments »

I was on CNBC tonight talking about why I believe the Australian and New Zealand dollars are NOT overvalued. On FX360.com I published an article talking about the relative Purchasing Power Parity values of the major currencies and how undervalued the U.S. dollar really is. Enjoy!

Posted in 2009 us dollar forecast, Australian Dollar, New Zealand dollar, australian dollar forecast, forex blog 3 Comments »

I was on CNBC this afternoon talking about the outlook for the Australian and New Zealand Dollars

Posted in Australian Dollar, New Zealand dollar, aud/usd, australian dollar forecast, forex blog 1 Comment »

Everyone is focused on the Federal Reserve’s interest rate decision at 2:15pm ET this afternoon, but I actually have my eye on the Reserve Bank of New Zealand’s rate decision. With interest rates already at a target range of 0-0.25 percent, the Fed’s ability to surprise the market is virtually nil. The RBNZ on [...]

Posted in New Zealand dollar, forex blog, rbnz rate decision, reserve bank of new zealand No Comments »

Comments from RBNZ Governor Bollard this afternoon triggered a sharp sell-off in the New Zealand dollar. After having already cut interest rates by 525bp, he is telling us that the New Zealand economy could still weaken and because of that, he is not happy with the rise in long term yields. So this [...]

Posted in Australian Dollar, Forex Technicals, New Zealand dollar, US Dollar, aud/usd 1 Comment »