1st on Forex: For Your Trading Success by 
by Jerry Furst – Sr Analyst at www.Investors-Education-Network.com
The Scary Carry Trade
China is concerned that the US Dollar will continue to fall and potentially cause global inflation in commodity prices. Bloomberg is reporting several Chinese officials as being “scared” and concerned about the speculation taking place as some currencies such as the Australian Dollar are being played for the new Carry Trade with the US taking the role of Japan’s easy monetary policy.
Aussie – US Dollar: Seeking Parity?
A Look at the Weekly Chart on the AUD-USD shows that the pair is racing to make a double top with parity as a potential target. The Daily Chart shows a sustained uptrend that just does not want to quit. When watching the Aussie, traders should be aware of the correlation to Gold. This correlation may disconnect if Gold decides to overshoot or correct.
Australian Dollar Seeking Parity?
Australian Dollar Seeking Parity?
The AUD-USD Weekly chart above (click to enlarge) shows the 75% retracement has been exceeded and a double top at 98.50 puts parity of the Australian Dollar with the Greenback within the range of possibilities.
The Trend is Your Friend - Until the End!
AUD-USD Daily chart above (click to enlarge) shows two strong upward trend channel’s making a move that is hard to trade against.
The Week Ahead - gets Started Sunday! Webinar Monday
Lot’s of news in the opening session of the week as New Zealand, Japan and the UK have potential market moving news scheduled to kick start the volatility for the week.
Tune in to my webinar on FX Street with the link at the bottom of this post
Summarized List of Scheduled News for the Week Ahead
For a List of Economic Calendars and times for news events –
Visit and Bookmark
==> http://www.investors-education-network.com/economic-calendar.htm
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US Scheduled News
Monday: Retail Sales - Mfg Survey and Business Inventories
Tuesday: PPI: Producer Price Index - TICS: International In-Out Flows - Industrial production - Housing Market Index
Wednesday: Housing Starts and CPI: Consumer Price Index
Thursday: US Weekly Jobless claims - Philly Fed - Leading Indicators - Fed Balance Sheet and Money Supply in Late Afternoon
Friday: No Scheduled US News
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International Scheduled News
Sunday: NZD: PPI and JPY: GDP and GBP Home Price Index
Monday: EUR: CPI AUD - RBA Monetary Meeting Minutes
Tuesday: GBP: CPI — EUR Trade Blance
Wednesday: EUR: Current Account — GBP: BoE Minutes — CAD CPI
Thursday: GBP: Retail Sales
Friday: EUR: German PPI
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Live – Weekly Webinars and US GDP report - Click Here to Register
- The “1st on Forex” Week Ahead Mondays at 12 Noon Eastern Click Here
- November 24th US GDP Report – Live Coverage Starts 7:30am Eastern Click Here
Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.