Market News

Monthly Economic Review: Australia

When China devalued the yuan, forex traders reacted by dumping the Aussie in a hurry. So, is there a fundamental reason for forex traders to be bearish on the Aussie or is everything just hunky-dory?

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Timing is an edge; use it to place your bets strategically. And the size of your bets plays a huge role. At the outset of each major move, ask yourself, “How much can I make?” Because the payoff has to be worth it, right? And finally, “How much can I lose?” Because you don’t want to bet your deli to win a pickle.Larry Hite