Commodity Based Currencies UP/DOWN and About

AUD NZD CAD....The most traded commodity based currencies. We all know the story of carry trade on these currencies. However, can the prices of these underlying currencies remain this high when comparing to historical prices? It is apparent that United Kingdom and USA are doing very well in their respective economy. AUD Feds are trying to talk it down, NZD Fed are trying to make it go up, CAD Fed has no clue what to do. What is most important is the fact that the biggest economy in the world USA is in full recovery mode. That means that by default, economies of other worlds should do well as the result of it. Does that mean these commodity based currencies in theory should do well as the world economies are improving?? The question remains, does US interest rate raise choke the economies of the world or is it good that USA is raising since that would mean economy is doing well. Like to hear the best traders thoughts on this.

Everything worked out as I have planned so far. Yahoo....Help me get some comments started. This is going to be it!! The 2HF is it!!

Well with all the news today. Looks like AUD is looking like the safe Heaven

It looks as the push will come any moment. It is building up steam..........87 and give me my interest...LOL

CAD is clueless as ever

The shorts in NZD helping to pave the wave to back to $87......While I am bearish on this for short term. I am a trader and there is going to be a little melt up before the meeting.

What do you think about weakness of commodity dollar ahead?

The weakness is really based on how long can the economies of these countries sustain their exports at these prices. With this in mind, USD dollar has always strengthened when coming out of a recession. All countries are trying to keep their rates low as possible so that they could export at a cheaper rate and to create more jobs. Commodity based currencies cannot sustain at this level as they will continue to jawbone their currencies down. Best example was NZD implying that their economy was growing at rate where interest rate would need to be raised. Prices of their dairy prices dropped dramatically since then. Not so smart by the Fed.

On Fire with my picks going the way it should. I've called the late run up on AUD and the weakness on the NZD. Looks like CAD will look pretty good in the near run. Commodity currencies how you make money!!!!

NZD at 86.56 now.. At the Close 86.68. with the little interest. and surprise from Australia it will fight for 87 very quickly

As I have predicted....with the jump in AUD and NZD. Pretty much on target!

The fight to go lower. NZD now at.8599. Going to 85.65 then to 85.4 What the FED said was a big news they went from bein Hawk to Dovish in the biggest way. It has reached peak and is now tkaing ill effects on the economy. They are ready to intervene and sell NZD a complete 180. Yikes Bearish in the biggest way for now

Again. feels good to be on the right side of the table. Fonterra wow!

Okay..now that the news is out....as much as I feel that by the end of the year, we will see the commodity currencies weaken....We are about to see a quick burst on them. Central Bank was not as motivated even with the numbers today. It will be a tug and pull, but we should see a quick bounce here. Have fun scalping!