The WTI
light crude oil came back down to the 31.00. The main commodity currencies fall
back down after starting the session to the upside. Even though the Australian
Dollar and the New Zealand Dollar started the day to the upside, towards the
end of the session the both fall versus the US Dollar along with the Canadian
Dollar. The AUD/USD made a high around the 0.7049 level, but then it falls to
the 0.6950 level. The NZD/USD made a high around the 0.6590 level, but it also
falls to the 0.6520 level. The USD/CAD breaks above the 1.4300 level and it is
coming close to the 1.4400 zone. We can clearly see that things have gone bad
for commodities and its currencies.
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Great review.
ReplyDeleteThat's good to know, thanks.
ReplyDeleteThank you for the detailed analysis!
ReplyDeleteThe global market is dropping.
ReplyDeleteExcellent analysis.
ReplyDeleteI agree with your point of view.
ReplyDelete