Chinese Numbers Puts Commodities Under Pressure

Wednesday, March 10th, 2010

A whole host of figures from China: New Yuan Loans moderating significantly (but higher than expected) at 700B. Retail Sales strong, but Industrial Production a lot weaker than expected and AUD and ASX200 are down with commodities under pressure as well.

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Chinese Numbers Puts Commodities Under Pressure

AUD/USD On to 0.92

Friday, March 5th, 2010

The AUD/USD is done with a quick throwback, which only retraced about 38.2%.

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AUD/USD On to 0.92

Daily Report: Yen Building Up Momentum, ECB and BoE in Focus

Wednesday, March 3rd, 2010

Dollar was sold off sharply overnight as commodities strengthened with crude oil breached 81 level while gold breached 1140 briefly. Nevertheless, the greenback is still kept above well above key near term support levels against European majors as expected.

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Daily Report: Yen Building Up Momentum, ECB and BoE in Focus