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  • Article / 1 hour ago

    Soaring dairy prices put a rocket under NZ dollar

    Managing Director / Technical Research Limited
    New Zealand
    Soaring dairy prices put a rocket under NZ dollar
    As dairy prices rise, terms of trade assumptions made by New Zealand's Reserve Bank in their September Monetary Policy Statement (MPS) are starting to look far too gloomy. The annual inflation rate, currently barely above zero, could nowl rise sharply and be within sight of the 2% target by mid-2016.
    Read the article
  • Editor’s Picks / Yesterday at 23:52 GMT

    Yuan smashes yen in cross-border payment stakes

    Nikkei Asian Review
    The yuan has passed the yen for the first time, to take fourth place for currencies used in cross-border payments – a feat for Xi Jinping's bid to internationalize the yuan. With a 2.79% global share in August, the yuan squeaked by the yen's 2.76% share, says transaction agency Swift. The yuan trails the US dollar, the euro and the pound. The yen backed 9.1% of all letters of credit issued from January to August. That it is a far cry from the 80.1% share commanded by the greenback, but it exceeds the 6.1% for the euro and the 1.8% for the yen. However it remains to be seen if the yuan will live up to the role as an international currency.
    Read article on Nikkei Asian Review
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  • Squawk / Yesterday at 20:36 GMT
    individual Trader
    I had suggested the importance of a USD correction last week and commodity currencies have taken the lead and looking at the CAD crosses there's more reason to support further CAD strength backed by positive Oil prices
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  • 5h
    yuiyui yuiyui
    Michael, They are talking oil production trend meeting demand
    Michael O'Neill Michael O'Neill
    Yes, I saw that. But it is just talk, from guys with a vested interest in seeing higher prices. No one has cut production and the...
    yuiyui yuiyui
    haha, right. Maybe also markets have found a bottom for now
  • Trade view / Yesterday at 14:35 GMT
    Short term

    Gold's rally looks to fade

    Director / First4Trading
    United Kingdom
    Gold has held onto its gains from the safe-haven rally after last Friday's NFP figures. This has maintained the symmetrical triangle, which now tests the upper boundary. We retain a medium-term bearish bias and look to set shorts just above current levels.
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    Neil D Neil D
    Hmm bit undecided on this one Steve...............that weekly down channel looks capable of pulling it thru both 1155 and 1170 and praps 1200. Gold appears to definitely...
    Jim Earls Jim Earls
    1225 Target.