One of the prominent mainstream aussie bloggers Duncan Riley has a post in which he’s trying to work out what is up with the aussie dollar.
One of the key factors in the recent decline of the aussie dollar is what is known as the carry trade.
The key thing with carry trades is relative interest rates [...]
The RBA have taken a big chunk out of interest rates. Dropping from 7% down to 6% in one big drop.
I shut down my AUD hedge (I live in Aus) this morning (damn it has hurt a bit!) and I’ve taken a small short position hoping that this might continue to fall.
Cash Rate Target [...]
Forex Howto is a site that I setup some years ago, I neglected it for a couple of years and now it's back online.
It will have my progress as I explore the world of Forex trading and my experiences in trying to profit from it.
If you need to contact me, just leave a message on any of my posts and I'll be sure to read it.
About me: I'm a 31 year old aussie living in Sydney, Australia.
I work as a programmer and hope to someday use my programming skills and growing knowledge of FOREX to work fulltime, ideally in an automated trading setup.
A couple of pages which might be of interest to new traders: