Manufacturing reports are disappointing investors, and this strategist has a plan to trade the mood with currencies.
How do you trade slowing manufacturing activity? With currencies, says Todd Gordon, co-head of research and trading at Aspen Trading Group.
Gordon told CNBC's Scott Wapner that the Australian dollar -yen pair closely tracks the S&P 500 stock index, so with disappointing manufacturing reports from China and the euro zone spooking investors and driving the index lower, he wants to sell the Aussie against the yen.