Forex Positioning Update: Short Euro, Canadian Dollar, Australian Dollar, Long Pound

(This is an excerpt from an article I originally published on Seeking Alpha on April 7, 2014. Click here to read the entire piece.) There was a lot of action last week in the foreign exchange market. This piece is a quick update on how I have adjusted and/or maintained positioning in select currencies: the … Read more

Unemployment and Commodity Prices Working Against the Australian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on August 7, 2014. Click here to read the entire piece.) It is probably only a matter of time before the next deep swoon in the Australian dollar (FXA). On August 7th…the Australian Bureau of Statistics (ABS) reported a spike higher in … Read more

A Stubbornly Strong Australian Dollar Introduces A Risk Factor into Economic Forecasts

(This is an excerpt from an article I originally published on Seeking Alpha on June 26, 2014. Click here to read the entire piece.) Australia’s Bureau of Resources and Energy Economics (BREE) recently released its Resources and Energy quarterly for the June, 2014 quarter containing a notably more cautious tone toward the Australian dollar (FXA) … Read more

Plunge In Australia’s Trade Balance Could Mean Weaker Dollar Ahead

(This is an excerpt from an article I originally published on Seeking Alpha on July 2, 2014. Click here to read the entire piece.) I was just getting accustomed to the idea that iron ore prices could plunge without impacting the Australian dollar (FXA). Now comes a surprisingly large plunge in Australia’s trade balance. On … Read more

Glenn Stevens Takes Direct Aim At Market Complacency On the Australian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on July 6, 2014. Click here to read the entire piece.) Governor Glenn Stevens of the Reserve Bank of Australia (RBA) has finally returned to jawboning as a method for cajoling currency traders to sell the Australian dollar (FXA). On July 3rd, … Read more