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,... read more »
The U.S. dollar traded higher against every major currency ahead of the Federal Reserve's monetary policy meeting. There are a few reasons why forex traders should be nervous today, but we believe... read more »
Based upon the price action in the financial markets on Friday, the U.S. retail sales report failed to impress traders and investors. There was no ambiguity in the strength of the consumer spending... read more »
This evening, the Reserve Bank of New Zealand will deliver their second monetary policy announcement of the year and the key question is whether the central bank will finally bridge the gap between... read more »
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... read more »
It is commonly believed that March tends to be a positive month for the Japanese Yen because of the fiscal year end in Japan. Tax incentives and the desire to window dress their balance sheets... read more »
With mixed to slightly better than expected U.K. economic data, traders may be scratching their heads about why the British pound has collapsed more than 300 pips this morning. Here are a couple of... read more »
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... read more »
As the world changes, so do the correlations between different currencies and different instruments. It is a quiet morning in the forex markets with no U.S. or European data on the calendar. The... read more »
It is the Year of the Tiger and to celebrate, Chinese markets are closed for the entire week. Here in the U.S., markets are also closed in observation of Presidents Day. As a result, it is expected... read more »
