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.
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.