Monday November 24, 2008 - 16:16:54 GMT
Share This Story
Global-View - www.global-view.com
FX Blog- GVI Forex Analysis: Commodity Currencies, Gold and Oil November 24, 2008
Commodity Currencies, Oil and Gold
- It appears that the commodity currencies are taking direction from the U.S. equity markets. The commodity currencies (AUD, CAD and NZD) are sharply higher vs. the USD. The USD is broadly down against the major currencies. Risk assumption is back in play today.
- The carry trade funding currency JPY is weaker vs. the USD, as market deleveraging has ebbed. Stocks are currently higher.
- Crude oil continues to try to establish support at $50.00. Gold is up sharply. See the GVI calendar for the full schedule of data releases in the two weeks ahead.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."