Monday February 21, 2005 - 11:26:05 GMT
Share This Story
INVESTICA Ltd - www.investica.co.uk
Australian dollar dangers?
Interest rate expectations will remain very important in the short term. The low market volatilities and expectations of higher interest rates will tend to push funds into the Australian dollar, particularly with the New Zealand dollar also very strong. The latest IMM positioning data reported long Australian contracts rose by around 9,000 in the latest week, pushing the total to near 37,000. a record high number. There will, therefore, be the risk of a very sharp correction, especially if market volatilities increase. There is also evidence of corporate Australian dollar selling above the 0.79 level. The Australian currency should remain strong in the short term, but gains much above the 0.7920 level will be tough and there will be growing dangers of a sharp correction weaker.
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."