Large AUDNZD Rally to Occur

Large AUDNZD Rally to Occur

This is a random FX post – which I don’t do often – but I think it’s high probability and big enough in its potential P&L impact that it’s worth posting. Below, note the AUDNZD pair is testing a break-out…...

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Long Pairs vs. NZD

Long Pairs vs. NZD

On January 29th the Reserve Bank of New Zealand appeared to signal an aggressive shift away from future rate increases, citing a somewhat more uncertain outlook for global growth and inflation being sustained below the low end of their target…...

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Working Thesis for 2015

Working Thesis for 2015

It’s that time again.  Time to put pen to paper and make our best attempt at crystal-balling the upcoming year.  If we had to name 2015 or give it a theme we’d probably call it “The Year of Capitulation”.  By…...

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Ratio of Yen vs. AUD Breaking 23-Year Support That's Been in Place Since the Nikkei's All-Time 1989 Highs

Ratio of Yen vs. AUD Breaking 23-Year Support That’s Been in Place Since the Nikkei’s All-Time 1989 Highs

In the chart below the ratio of the Yen vs. AUD is breaking 23-year support at the inset. This support has been in place since early 1990 immediately succeeding the Nikkei’s all-time highs in December 1989. So, one has to…

Aussie $ Appears to be Fading at Important Test of Resistance

Aussie $ Appears to be Fading at Important Test of Resistance

Chart below is of the Aussie $. In May it broke down from a long-term, bearish ascending wedge pattern formed by lines (1) and (2). Line (1) ran across its highs from 1995 onward while line (2) ran underneath its…