Australian Dollar Back for More Punishment
The cheer leader for the risk on trade in the currency world is the Australian dollar, after having a huge winner back in Oct/Nov 2011, its time for another go.
Fundamentals have not changed, its just that the can kicking down the road has given the smart money another chance to short the AUDUSD or FXA Etf. Risk on assets have floated up on fumes and the gunslinger professional traders can't wait to short the risk on trade, starting with the FXA.
China is slowing, dont believe the bull crowd, and Europe is about to force a spike in volatility.