Gold Follows Commodity Currencies, Decouples from Euro as Peripheral Woes Persist

The following table includes the correlation between gold and the most popular currency pairs over various timeframes. A value close to +1 indicates a strong positive relationship between gold and the pair, while a value close to -1 indicates a strong negative relationship. Colored values indicate week-to-week changes of over 30%. ——————————————————————————————————————————— Gold-Forex Correlations for [...]

Dollar at the Mercy of Risk Trends Early, Fed and 4Q GDP on Deck

Dollar at the Mercy of Risk Trends Early, Fed and 4Q GDP on Deck Euro Advance Takes a Step Back as Market Awaits Word on Greece British Pound: Will We See Confirmation of Policy Official’s Recession Warnings Australian Dollar Takes its Turn at Bat for Inflation, Rate Outlook Leverages Impact New Zealand Dollar Traders Will [...]

Forex Trading Weekly Forecast – 01.23.2012

Australian Dollar Weakness Ahead On Slowing Inflation

Fundamental Forecast for Australian Dollar: Bearish