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Higher yielding currencies continued to outperform today despite weaker than expected consumer confidence data out of the US. However with stocks drifting ahead of Friday's NFP report, the dollar is likely to remain supported as the recent rally in risk tapers off.
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The Australian Dollar’s link to the Dow Jones Industrial Average and copper prices trades near record-strength, making the antipodean currency an attractive high-yielding proxy to stock and commodity investments.
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While the recent Euro break above 1.4500 was discouraging for our outlook, all is not lost and there remains compelling bearish technical evidence.…
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Record volume last week on gold futures is consistent with behavior often seen at major market turns.
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A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
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