Archived IMT (2009.05.27)
AUD & CAD are on a tear as the risk appetite theme morphs into the sell-USD story to the benefit of commodities. Both currencies at fresh 7-month highs vs USD, with USDCAD carrying the technical underpinnings for further declines towards 1.08. AUDUSD approaches the 0.7960 target--50% rertracement of the move from the all-time high to the 0.6094 low. We reiterate our favour for prolonged gains in these currencies vs USD, as well as the case for $1.47 in EURUSD. Gold pushes towards $956, while silver eyes the $15.24 target from the current 14.81.
Reality Check Pre Jobs
by Adam Button | Dec 6, 2019 12:37
Kushner a Tell?
by Adam Button | Dec 5, 2019 11:11
GBP Breaks out, USD Hurt
by Adam Button | Dec 4, 2019 14:38
Time for the Pre-Santa Selloff
by Adam Button | Dec 3, 2019 12:55
USD Pauses, Key Levels Pre ISM
by Ashraf Laidi | Dec 2, 2019 13:51