Risk Appetite Reverses in Early US Trade- Euro Heavy as USD Advances
Tuesday, January 31st, 2012 Posted in Market Comments | Comments OffWeaker than expected US economic data prompted a reversal to the overnight rally in risk with the greenback going back on offense in early US trade. Here are the key levels to watch on the EURUSD and the NZDUSD.
Risk Appetite Reverses in Early US Trade- Euro Heavy as USD Advances
Tuesday, January 31st, 2012 Posted in Market Comments | Comments OffWeaker than expected US economic data prompted a reversal to the overnight rally in risk with the greenback going back on offense in early US trade. Here are the key levels to watch on the EURUSD and the NZDUSD.
Australian Dollar Strongly Correlated to Gold, Silver, Steel Prices
Tuesday, January 31st, 2012 Posted in Market Comments | Comments OffThe Australian Dollar remains an attractive alternative to holding long Gold positions (GLD) and broader metals prices, offering the benefit of net interest rate payments versus the carrying costs associated with Gold and other metals.
Australian Dollar Strongly Correlated to Gold, Silver, Steel Prices
Tuesday, January 31st, 2012 Posted in Market Comments | Comments OffThe Australian Dollar remains an attractive alternative to holding long Gold positions (GLD) and broader metals prices, offering the benefit of net interest rate payments versus the carrying costs associated with Gold and other metals.