Comments on: AUD outlook: Mixed bag on crosses but AUD/USD set to recover

By: Larry P.

Larry P. — Fri, 19 Jul 2013 01:02:11 +0000

AUD/NZD may not want to rally in the very near future. In fact, it has been one of the easiest and most profitable pair for trading for the last 4 months: we just have to keep selling it.

I made money selling the pair for 2/3 of the fall, but then I have fought against the trend and given back a great deal of profits.

By: Sean Lee

Sean Lee — Fri, 19 Jul 2013 00:38:55 +0000

What a real mess! Think I better build a bigger fence 🙂

By: James

James — Fri, 19 Jul 2013 00:31:39 +0000

I was hoping he would (I mentioned the get together that was postponed and he seemed interested).

Yes on the muni front – hundreds indeed. The whole house of cards isn’t that resilient (except for the fact that it still defies gravity! lol…)

At USD$18 billion in defaults I guess it is really only just under a week of Fed’s balance sheet expansion…

By: Sean Lee

Sean Lee — Fri, 19 Jul 2013 00:21:28 +0000

There are hundreds of munis that could go same way James. USD/JPY still rising?? Logical FX markets!! Had chat with J Kalaf, he will join us next Thursday

By: James

James — Fri, 19 Jul 2013 00:08:38 +0000

Risk appetite just took a hit with Detroit declaring bankruptcy – muni holders would be feeling somewhat uncomfortable.

Impact on FX market is not immediately apparent to me.