The 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.
Canadian economy unexpectedly shrank for the first time in six months in November, led by considerable decline in energy extraction.
January can’t end soon enough for USD bulls. The NZDUSD is on track for its best month since May 2009 and 7th best since 2000.
Agreement on a fiscal accord for the Euro-zone was announced; though with no Greek debt swap deal in place yet, market participants remain cautiously optimistic. Considering the proposed measures do not address any of the current structural issues plaguing the Euro-zone, this is a rally to be sold.
Increased efforts to address the sovereign debt crisis encouraged risk-taking behavior on Tuesday, but the rebound in market sentiment is likely to be short-lived as the heightening risk of a Greek default bears down on investor confidence.
Investors’ hearts are a-flutter about the announcement of Facebook’s IPO, but what does it mean for the US Dollar?
Although we have seen some positive developments out of the Eurozone in recent sessions, any additional strength in this market towards 1.3400 should be very well offered…
Crude oil, gold, silver and copper prices are rising as a pick-up in risk appetite weighs on the US Dollar but the move higher doesn’t seem to have staying power.
The US Dollar is facing selling pressure as a robust pick-up in risk appetite across financial markets weighs on haven demand but optimism appears highly fragile.
