Money in Motion: Currency Trading
RSS FEED
RECENT POSTS
|
- Good News Ahead for the Euro?
- What Currencies Are Saying About Stocks
- Euro Sinks, China Talks Tough, Dollar Gets a Lift
- How to Trade on the Jobs Report
- How Low Can the Euro Go?
- Euro Steadies, Dollar Holds Firm
- Where the Euro Goes From Here
- Is the Euro Oversold?
- Euro Slides, Yen Lifts, Rupee Keeps Falling
- Busch: How to Trade the Euro on an Outside Reversal
MONEY IN MOTION VIDEO GALLERY
COMMUNITY
LATEST FROM OUR BLOGS
- Cramer’s One-on-One with Airgas CEO
- Lightning Round: Advance Auto Parts, Michael Kors, Pilgrim's and More
- Your First Move For Wednesday May 30th
- Digital Generation Bottomed Out: Finerman
- How Gap Stores Turned Things Around
- Cramer Interviews Owens Corning CEO
- Cramer: Europe Is Playing a ‘Game of Chicken’
- Keystone Pipeline Could Begin Construction in Q1 2013
- Good News Ahead for the Euro?
- Strategic Review No Reason to Buy RIM: Pros
How to Trade on China's Slowing Economy
Text Size 
Currency Blogger, CNBC.com
 |
AP Headed for a fall? |
China's red hot economy is cooling, and this strategist has a way to play it.
Remember when China's economy was hotter than hot? Not so much right now, and Todd Gordon, co-head of research and trading at Aspen Trading Group, has a way to play that using currencies.
The Shanghai A shares index and the Australian dollar have been trading in tandem for months now. And as Chinese inflation has slowed and worries have mounted about the property sector there, Australia - a major trading partner - has felt the effects, and the Aussie has slipped.
"China is leading the way down, so a great corollary to play that is the Australian dollar," [AUD=X
Loading...
()
] Gordon told CNBC's Melissa Lee.
Gordon recommends selling the Australian dollar on a bounce, putting on half your position at 0.9700 and the next half at 0.9800.
He wants to set a stop at 0.9985 and take profits at 0.9200.
"I think this is something more than cyclical. I think this is a structural change," Gordon says.
"Risk aversion is here."
 |
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top currency strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about - email us at .
- Companies that establish sustainable principles are positioned for long-term success, says this blogger.
- Advanced manufacturing is about customization, high-precision and performance. And it’s everywhere.
- Many veterans are turning to franchising as a way to make a living once they are out of the military.
- Have you ever wished you could just quit your job and follow your dream? These people have.
- Emerging-market bulls should look to Brazil, South Africa and Russia, as well as Thailand and South Korea.
- Some beers are better than others. An annual competition chose the ones that are the best.
Data is a real-time snapshot *Data is delayed at least 15 minutes
