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View: Sell AUD/USD, looking for pair to reconnect with bearish commodity prices

Sluggish growth is becoming an increasingly global phenomenon; contagion from the Eurozone crisis takes the largest chunk of the blame though efforts to cool Chinese overheating are also playing a part, particularly on the commodity side slowing demand growth across the complex.  We identified both Copper and the AUD as potential ways to pay the Chinese slowdown risk specifically back at the end of March (http://bit.ly/LDya3l), both ideas have proved their worth although the recent bounce in AUD has erased a good chunk of gains that short positions recommended back then had enjoyed.

Full report below…

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