Premium
- New York
- London
- Barcelona
- Tokyo
- Sydney
Search
Currency Snapshot
Is Aussie going to par? Looking extended!
Fri, Jul 18 2008, 08:23 GMT
by Jack Crooks
There is little doubt about the powerful run in Aussie—for good reason:
1) Strong economic growth, and 2) Highest yield among the major currencies.
Most analysts believe the next stop is par, or 1.000 against the US dollar. Another
panic run out of the dollar likely leads to par. But on technicals alone
(granted not too useful in a fear-driven market) the Aussie looks extended and
due for a breather. Risk/reward!!
Black Swan Capital
Published on Fri, Jul 18 2008, 08:26 GMT
Archive
- Aussie Vulnerable …
Published On Fri, Jul 25 2008, 07:14 GMT - Euro, Pound Racing Lower?
Published On Wed, Jul 23 2008, 16:52 GMT - Is Aussie going to par? Looking extended!
Published On Fri, Jul 18 2008, 08:23 GMT - British Pound: Not So Ugly? Not So Fast …
Published On Wed, Jul 16 2008, 15:13 GMT - The Buck is getting badly beaten!
Published On Wed, Jul 16 2008, 09:16 GMT
Black Swan Capital LLC
| 2161 SW Racquet Club Drive Palm City, Florida 34990
http://www.blackswantrading.com | jcrooks@blackswantrading.com
Legal disclaimer and risk disclosure
Currency Currents is strictly an informational publication and does not provide individual, customized investment advice. The money you allocate to options should be strictly the money you can afford to risk. While every effort is made to evaluate the actual experience of subscribers, all performance figures must be considered hypothetical, and past results are no guarantee of future performance. Detailed disclaimer can be found at http://www.blackswantrading.com/disclaimer.htmlInterested in forex trading? forex brokerage firms!
  Contact the broker/FDM Open a demo account |  Contact the broker/FDM Open a demo account  |  Contact the broker/FDM Open a demo account |  Contact the broker/FDM Open a demo account |  Contact the broker/FDM |
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Rates
Charts
News
Live
Reports
Other
- Looking for a Broker/FDM?
- Content Contributors
- Premium section
- Workshops and Conventions
- Forex Books
Full Site Map
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.