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Currency Trade of the Week

In a new segment on CNBC's "Fast Money," the desk is going to where the money is: foreign exchange markets.

Monday's broadcast debuted the "Currency Trade of the Week," a segment where one of the market's top traders gives us the country where the fastest money in the world is moving next.

Kathy Lien, author of "The Little Book of Currency Trading," revealed her fave trade: long Aussie dollar on dips. She said the Austrailian economy is doing well, so she wants to buy it against the U.S. dollar and euro. Lien further explained her trade in these three points:

  • Fundamentals: Australia’s economy benefits from China demand, global recovery, commodity price surge.
  • Technicals: Australian dollar broke through a key resistance level when it reached parity with the U.S. dollar.
  • Sentiment: Positive sentiment about the global recovery will lift the Australian dollar.

To see the full conversation, watch the video!

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Trader disclosure: On Jan. 3, 2011, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour owns (BAC), (F), (FXI), (GE), (GOOG), (MON), (MOS), (POT) and (YHOO). Guy Adami owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU) and (YHOO). Karen Finerman owns (AAPL), (BAC) and (MSFT). Pete Najarian owns (AXP), (CNI), (MRO), (RSX), (PAL), (NTRS), (TEVA), (PFE) and (YHOO). Pete Najarian owns (AKAM) call spreads. Pete Najarian owns (BBY) calls. Pete Najarian owns (C). Pete Najarian owns (DB) calls. Pete Najarian owns (DRYS). Pete Najarian owns (F). Pete Najarian owns (GE). Pete Najarian owns (GM) call spreads. Pete Najarian owns (LBY) calls. Pete Najarian owns (MSFT) and (MSFT) calls. Pete Najarian owns (TCK) call spreads

GE is the parent company of CNBC
NBC Universal is the parent company of CNBC

GUY ADAMI
Adami's wife works at (MRK)

KAREN FINERMAN
Finerman's firm is short (IJR)
Finerman's firm is short (MDY)
Finerman's firm is short (SPY)
Finerman's firm is short (IWM)
Finerman's firm is long S&P puts
Finerman's firm is long Russell 2000 puts
Finerman's firm owns (IBM)
Finerman's firm owns (JPM) and (JPM) leaps

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (JPM)
Accounts Managed By Kanundrum Capital Own (MS)
Accounts Managed By Kanundrum Capital Own (BBT)
Accounts Managed By Kanundrum Capital Own (DE)
Accounts Managed By Kanundrum Capital Own (ANDE)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (GDX)
Accounts Managed By Kanundrum Capital Own (GDXJ)
Accounts Managed By Kanundrum Capital Own (DRYS) calls
Accounts Managed By Kanundrum Capital Own (TBT)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own (XLE)
Accounts Managed By Kanundrum Capital Own (OIH)
Accounts Managed By Kanundrum Capital Own USD
Accounts Managed By Kanundrum Capital Are Short The Euro

CHRIS WHALEN
Whalen has no disclosures

JORGE BERISTAIN
Deutsche Bank and/or its affiliate(s) own 1% or more of any class of common equity of (AA)
(AA) is an Investment Banking client of DBSI
Deutsche Bank and/or its affiliate(s) has received non-investment banking related compensation from (AA) within the past year
(AA) has been a client of Deutsche Bank Securities Inc. within the past year, during which time it received non-investment banking securities-related services

YAIR REINER
Oppenheimer & Co. Is A Market Maker In (AAPL)
Oppenheimer & Co. Is A Market Maker In (OTVI)
***NO DISCLOSURES ON AUO, GLW

DAVID RIEDEL
Riedel has no disclosures

KATHY LIEN
Lien is long USD
Lien is long Oil
GFT makes a market in the U.S. Dollar, Australian Dollar, and Euro

MIKE KHOUW
Cantor Fitzgerald & Co is a market maker in (POT)

CNBC.com with wires.

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