How to go long?

[Nyden]

Hello guys,

Was just wondering as to what the best method would be in going long on the USD? Or a better option for hedging against our falling dollar? Euro, Pound, CAD?

I don't believe we're (the AUD) headed too far down (perhaps even up!); but with all this talk of a slowing Australian economy ... I would like to lock in some currency value whilst I'm still able.

Holding the currency itself isn't really a desired option; as let's face it - terrible interest rates over there at the moment, & was wondering if there was some kind of US index ETF here on the ASX? Or a way to keep USD in an Aussie bank earning our interest rates? :

I'm starting to believe that we're approaching a bottom, & am looking into opening up some small positions you see, but am against holding individual stocks at the moment; simply due to huge volatility at the moment - and am therefore only looking into funds, or somewhat stable stocks.

I'm also looking for agribusiness stocks; but I can't seem to find any sort of fund for that?


No advice for buying into gold, or any commodities though please. Having been on the anti-commodities bandwagon for quite a few months; I'm still smiling from the mass of money saved

 

[>Apocalypto<]

Re: How to go long ... ?

Hello guys,

Was just wondering as to what the best method would be in going long on the USD? Or a better option for hedging against our falling dollar? Euro, Pound, CAD?

I don't believe we're (the AUD) headed too far down (perhaps even up!); but with all this talk of a slowing Australian economy ... I would like to lock in some currency value whilst I'm still able.

Holding the currency itself isn't really a desired option; as let's face it - terrible interest rates over there at the moment, & was wondering if there was some kind of US index ETF here on the ASX? Or a way to keep USD in an Aussie bank earning our interest rates? :

I'm starting to believe that we're approaching a bottom, & am looking into opening up some small positions you see, but am against holding individual stocks at the moment; simply due to huge volatility at the moment - and am therefore only looking into funds, or somewhat stable stocks.

I'm also looking for agribusiness stocks; but I can't seem to find any sort of fund for that?


No advice for buying into gold, or any commodities though please. Having been on the anti-commodities bandwagon for quite a few months; I'm still smiling from the mass of money saved

you can trade Futures over it, or trade the USD/CHF that moves in very close parity with USD

Apoca

 

[MRC & Co]

Re: How to go long ... ?

Nyden,

I think you will find 'agri-business' stocks relate to soft commodities, so you will have to choose whether or not to catch that commodity bandwagon, can't sit on it like a static fence.

There must be an ETF in the US in relation to agribusiness or soft commodities, but not sure which one...........

Did I mention, buy gold?

 

[chops_a_must]

Re: How to go long ... ?

DBA and MOO are the ones I've watched MRC.

 

[MRC & Co]

Re: How to go long ... ?

DBA and MOO are the ones I've watched MRC.

Thanks Chops, always good for some information!

Cheers

 

[Nyden]

Thanks for the information so far guys

I was also wondering, as to whether or not holding an ASX Based US-Fund would allow for US Stock/USD Exposure? Such as IOO

I was just perusing over this is all;
http://www.asx.com.au/products/managed_funds/ishares.htm