Most have seen this but for those who have not reference below. GOLD AUD/USD Correlation (or lack there of)
http://www.forexfactory.com/showthre...84#post5959584
A non trader came on bloomberg saying $A will rise because metals are starting to pick up and they lead risk currencies. He obviously thinks running a few numbers is beneath him.. Again don't believe the hype GOLD does NOT follow AUD all the time on a direct basis and this cycle down is the perfect example. I will get a workup this weekend to further show the weeks action between the two.
Very tired, and happy to see this week come to a close I will see you all on Sunday I am going to go sleep now for 12 hours after being up in and out about 90+ hours
Tonight CNY Manuf. This will bode well for new entries on the Short if we beat marginally.
http://www.forexfactory.com/showthre...84#post5959584
A non trader came on bloomberg saying $A will rise because metals are starting to pick up and they lead risk currencies. He obviously thinks running a few numbers is beneath him.. Again don't believe the hype GOLD does NOT follow AUD all the time on a direct basis and this cycle down is the perfect example. I will get a workup this weekend to further show the weeks action between the two.
Very tired, and happy to see this week come to a close I will see you all on Sunday I am going to go sleep now for 12 hours after being up in and out about 90+ hours
Tonight CNY Manuf. This will bode well for new entries on the Short if we beat marginally.