I’m not going to get into all the details here at the moment as……I imagine the majority of you could really care less.
“Just give us the trades Kong – what’s the trade Kong??”
The Australian Dollar is in real trouble here.
Considering that the RBA is opening “talking down” AUD as the currency is considered “overvalued” (and in turn hurting Australia’s economy), coupled with the fact that “it’s been a nice run” on the back of massive expansion and development of China – it could very well be time for some serious downward action.
AUD has already come down considerably but…..I might see a “waterfall” coming – in the not so distant future.
Trades short in AUD/JPY would likely make the biggest move, as well for stock traders short “FXA”.