Intraday Market Thoughts

Metals Remain Unfazed, CAD Dragged by BoC, Latest Premium Trades

by Ashraf Laidi
Sep 7, 2011 16:53

Canada's Aug PMI jumped 12 pts but the Bank of Canada did not mince its words in today's policy statement. Readers may be surprised by today’s Premium trades but carefully read the technical & fundamental rationale for each. Meanwhile, both gold and silver showed their obligatory pull-back in order to sustain the current run-up. Fundamentals have not changed; central banks are expected to either continue easing or to revert to easing mode. Even the RBA & BoC are now finessing their way back to easing mode. Members click here NON members can click here:



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