iron ore

Great Graphic: Iron Ore and the Australian Dollar

Leave a Comment / Expert Analysis / By

This Great Graphic, from Bloomberg, shows the correlation between the price of iron ore and the Australian dollar on a rolling 60-day basis over the past year.  The correlation is  a little more than 0.81.  The relationship is the tightest since last August.     This is purely directional.  The correlation weakens considerably if we …

Great Graphic: Iron Ore and the Australian Dollar Read More »

Mixed Dollar Ahead of US Jobs Data and Fed Talk

Leave a Comment / Expert Analysis / By

The US dollar is narrowing mixed as the employment data, and Fed speeches are awaited. Six Fed officials speak today, including Yellen and Fischer. Regional Presidents Williams, Rosengren Evans and Bullard also speak. It will be the first flurry of speeches since the FOMC meeting.  The market’s take away from the FOMC statement that was …

Mixed Dollar Ahead of US Jobs Data and Fed Talk Read More »

SUBSCRIBE

& stay up to date
  • Note: All the information on this website are subject to change and we do not take credit for any decision taken by other parties based on these information. Therefore readers are obliged to read and agree to our terms and conditions. Foreign exchange market is highly volatile, affcted by variety of global economic and political factors and participation in this market is absolutely risky for the speculators. Traders are advised to be aware of these risks thus do not trade with the money they can't afford to lose.