Archive for 2009 forex forecasts
Bearish AUD, CAD and EUR
Fresh back from vacation in the Sunny Caribbean - here are some trades that I like off the bat:
1) Short AUD - After last week’s disappointing GDP, retail sales, service and manufacturing PMI reports, there is no chance the RBA will be talking about another rate hike this evening. The last time we heard [...]
Comments on Payrolls and Euro Decline
I was on the Business News Network this morning discussing the non-farm payrolls release and the decline in the EUR/USD. Click on the image to access the video
Correlation Between EUR/USD, USD/JPY and Stocks
Over the past few years, traders have become accustomed to the idea that the day to day moves in stocks impact currencies. When equities sell off aggressively like they have today, the U.S. dollar usually strengthens across the board as investors pile into the low yielding safe haven currency. When equities stage a strong rally [...]
