GOLD 0.51% $1,391.7 gold futures

monster FX moves globally over the last couple of weeks. Euro...

  1. 13,021 Posts.
    lightbulb Created with Sketch. 2689
    monster FX moves globally over the last couple of weeks.

    Euro being called to parity at 105 vs USD now up near 109
    AUD at 75/76 with expectations of another cut removed on one month jobs figures, boom looking for 80 it appears.

    big big moves everywhere, agree AUD POG downski, as AUD rises hard to reduce USD debts and contain USD input costs.

    (got to laugh, I give the prize to boxham from HSBC for the worst calls on Australia in the first QTR, he missed the first cut and seemingly got very vocal, then he agreed with consensus and called for second cut, missed that as well, now he is saying no more cuts, long hold, next move up........... little wonder there are wild swings in FX with global banking giant economists changing views constantly on any data issued.)

    anyhoooo

    Having almost hit 1600 in April to being 1500 today,,keeps the average for the month around 1550, matching last QTR average, so not that bad really,,,but we all know no one will consider that, its down that's all they look at.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.