Short AUD/NZD was the best trade this month

Actually, selling EUR/USD every time it got close to 1.33 would have put you into retirement by now.

But if you made one trade on July 1, short AUD/NZD was a whopper, falling 4.85% or 559 pips. It boils down to this, the RBA is cutting rates and the RBNZ is talking about hiking them. I wrote about it last week.

This is why you don’t fight a trend

Also, this is why you never bank with a French bank.