Forex market attitudes to Australian PM candidates

Interestingly the Forex markets are signalling that Australia is confronting a bad choice of leaders - between two idiots to be sure. The NZD is surprisingly strong. I think the markets are anticipating a bad choice either way. Certainly there is no question that Gillard is dire news for the AUD in the short-medium term (say 0-5 years), whereas Abbot is the opposite I feel. Really its about the Gillard...

Deflation:First Step, Understand It

Another fine article from our friends from Elliot Wave International.Enjoy!!_________________________________________________Deflation: First Step, Understand It There is still time to prepare if deflation is indeed in our future.August 16, 2010By Elliott Wave International"Fed's Bullard Raises Specter of Japanese-Style Deflation," read a July 29 Washington Post headline.When the St. Louis Fed Chief...

Return Of The Robots

Once again I am purely a robot trader.Part of the reason is that my day job does not allow me to use company Internet or computing resources for the purpose of earning revenue. This is a sensible restriction even if my use would only have been to let me view charts and enter trades.Now I use the Internet at work purely to watch how my robot is doing. I don't enter trades, I can't access or...