October 12th, 2008 20:59:24 GMT.

Same story Down Under


Australia and New Zealand have agreed to guarantee bank deposits and Australia has pledged to buy $8 bln in mortgage-backed securities. AUD/USD gapped to the upside and now trades at 0.6710 after closing at 0.6430. Look for commodities to rebound … Continue reading


October 11th, 2008 14:36:42 GMT.

Jimmy One-note still hearts commodities


When commodities were booming, no one mentioned that Jim Rogers had been bullish on commodities since the Pleistocene era, sitting through years of sideways markets. Now that they are in free-fall, surprise!, he still likes them. If you have one … Continue reading


October 10th, 2008 16:04:48 GMT.

USD/CAD comes within a whisper of 1.2000


An amazing move in USD/CAD as investors fear a prolonged global recession. Commodity prices continue to tumble, as does the resource-rich TSX index. Barrier options are rumored at 1.2000, as one would expect.


October 10th, 2008 12:06:20 GMT.

Commodity currency break accelerates as China slows


Commodity currencies continue their dramatic swoon today, undermined by global market chaos in general but clear signs of a collapse in Chinese demand specifically. Overnight, China ordered the suspension of Australian ire ore imports The Canadian dollar has been a … Continue reading


October 8th, 2008 16:20:57 GMT.

Real money ralphs commodity currencies


US real money accounts have been belated sellers of the commodity currencies, reluctantly cutting out of longs as the global growth story implodes. Big breaks like those seen overnight force corporates to hedge exposures and prompt options books to buy … Continue reading


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