Archived IMT (2009.03.19)
I've mentioned earlier the strength in copper prices as the metal hits 4-month highs on increased Chinese imports, expectations that China's stimulus would re-energize infrastructure spending and yesterday's jump prompted by the Fed's latest dosage of monetary injection. Reports that miners such as AngloGold Ashanti, the worlds 3rd biggest gold producer, may get approval for exploration in Colombia, reflects creeping confidence by producers that their favorable price outlook would compensate for production costs. Aussie is the best G10 currency positioned for copper-drive gains as Australia is the world's second biggest producer. See Chapter 8 of y book for detailed analysis on the metal-driven currencies such as the Chilean peso and Aussie and how they fared since 2000, 2002, 2005 and 2008. Aussie retreat to test 0.6820, backed by 0.6770 until fresh attempt towards 0.69.
Virus Sends Stocks to 4th Worst Day in Past 9 yrs
by Adam Button | Feb 24, 2020 18:25
Gold Eyes 1680 ahead of G20
by Ashraf Laidi | Feb 21, 2020 18:08
3 Charts for GBP Traders
by Ashraf Laidi | Feb 21, 2020 13:18
Is Yen-Centric Risk Back?
by Adam Button | Feb 20, 2020 17:34
Why the Euro Keeps on Falling
by Adam Button | Feb 19, 2020 16:37