US Dollar Bulls – Prepare For Disaster

You gotta love the headline, and I can see it now…..

Every “kool-aid drinkin Fed head” on the planet convinced The U.S Dollar is “on the rise” due to  strong U.S economic data – biting my head off here in days to come.

How dare you suggest The U.S Dollar is going down hard! How dare you Kong! How dare you!

Well…….

I’m actually amazed that The Fed and U.S Gov have allowed the thing ( USD ) to get this far out of the basement as it is so……..yes I’m saying it – I think a whole lot of USD bulls are about to get taken down the river.

The boat looks about as loaded as need be.

Let’s tip this thing.

 

AUD Falls Out Of Bed – GBP To The Moon

A quick update for those who’ve been following and have come to understand the “extremely large” position I’ve been building “short” The Australian Dollar.

They say that “good things come to those who wait” and believe me……I’ve been waiting.

If you can imagine, The Australian Dollar has traded sideways / flat for an incredible 24 weeks, until just yesterday smashing lower -250 pips in a matter of hours.

AUD_Sept_10_Forex_Kong

AUD_Sept_10_Forex_Kong

We all know that “in general” The Australian Dollar trades along side risk, moving higher with stocks so it is worth noting that with yesterdays “tiny fall” in U.S Equities we certainly got a reaction out of AUD.

If / when a larger correction unfolds one can only imagine profits generated “staying short” AUD as I plan to.

On a side note – I don’t believe for a second that Scotland will vote “yes” to separate from The U.K, and that long GBP here is looking very, very good.

Long GBP/AUD anyone? Kinda makes sense if you actually take a minute and think about it.

GBP going up….AND AUD going down. These are the trades that pay.