TradingView
HiLowGo
Mar 2, 2014 10:54 PM

Short the Aussie? Short

Australian Dollar/U.S. DollarFXCM

Description

There has recently been a flurry of bad news coming out of Asia. China in particular, just check financial news sources if you don't believe me. Everyday I have observed more bad news coming from China, which is Australia's most significant trading partner. The news is so bad I cannot comprehend how all these terrible things are occurring at once. Recently there was a terrorist attack in China, add that to the already weakening Yuan and we get a pretty bad scenario brewing. I can rant for hours but it is unethical and unfair to be that dismissive of sovereign nations. I remain optimistic in my long term view and expect to see a stronger Australian Dollar in the end of March. :P
More