AUDUSD Carry Trade

I’m fooling around with carry trading in the AUDUSD pair. I’ve been long since last week and been underwater since then. However, I’m collecting a good amount of interest daily so I’m pretty happy about it. My rationale behind buying this currency pair is this: the pair is influenced by Gold prices and I believe we’ll see Gold push higher, I expect the USD to continue to weaken, and the Australian bank is likely to remain hawkish and willing to raise rates. Of course I could be wrong and go down in flames collecting interest. :)

About Tom

Blog owner of Neural Market Trends
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2 Responses to AUDUSD Carry Trade

  1. sherry says:

    I saw this vid on another site, it’s an interesting take on the weakening dollar, it basically calls for kicking the fat guy out of the boat..

    http://www.youtube.com/watch?v=4n3g5lUgkWk

  2. Tom says:

    Are you calling me fat? :)

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