Well, maybe while you were getting ready for bed. The Federal Reserve Bank decided to make an emergency move this evening and cut the bank lending rate to 3.25 percent from the 3.50 percent it was at earlier. This move made by the Fed was meant to “try” and create some stability in the financial [...]
Archive for the ‘Gold’ Category
While you were sleeping!!
Posted in Carry trade, Commodities, ECB, Economics, Euro, Fed, Gold, Japanese yen, U.S. dollar, tagged ben bernanke, Carry trade, dollar, economy, Euro, Federal Resereve, interest rate, rate cut, usd, yen on March 17, 2008 | 1 Comment »
Time to keep an eye on the AUD/CAD
Posted in Australian dollar, Canadian dollar, Gold, tagged aud, aussie, cad, Commodities, dollar, forex, Gold, loonie, Oil on October 27, 2007 | No Comments »
Call it the clash of the titans: the two hottest currencies head-to-head in a pair. The loonie has been outperforming the aussie in the long run. In the past couple of months it’s the other way around.
Let’s keep an eye on the pair. It may just bounce down from long-term resistance and gold could easily [...]
AUD/NZD - caught in the act!
Posted in Australian dollar, Gold, New Zealand dollar, Price patterns, tagged aud, Gold, nzd, price pattern on October 4, 2007 | No Comments »
Back to our trades for the week, AUD/NZD is busting out of its squat little triangle … to the upside. You heard it here first! The aussie is being supported by gold this morning, which is being supported by a downturn in the buck as a result of weak U.S. data. Sort of [...]
Distinguishing between “good” and “good to go”
Posted in Australian dollar, Gold, tagged aussie, Gold, long-short ratio on October 1, 2007 | No Comments »
One last warning bell, to start the week. There’s lots of good trades going one which may not be good to start participating with if you’re not in it.
Take the aussie. Lot’s of love there, with the goodness of gold and the dollar getting whacked upside the head. But stand back and look at the [...]
