International Trading

Forex − AUD/USD, USD/CAD Flows − Gold hit all highs; AUD near 2−year high, Commodities Shine

Thursday, September 16, 2010 , Posted by Usman Ali Minhas at 11:48 PM

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Published at 05:44 (GMT) 17 Sep
Forex Market Alerts
Gold sparkles at new all time highs, and still sparkling, breaking key $1,280 handle to $1280.10/10 highs, up from NY close of 1,272.20. Silver edging to fresh highs as well - more next, with Greenback under pressure, though firmer vs "safe haven" CHF, JPY after combo of SNB, BOJ actions/ news. On FX, commodities rich currencies shining as well - with AUD/USD hitting 0.9449, just off the 2 year highs of 0.9458, its highest level since July 31 2008 0.9476. Talks of huge option structures, k-os at 0.9475, and psychological 0.9500 - with talks of >$5-10mln payout. USD/CAD edging toward fresh 6-week lows below 1.02, dipping lower to 1.0226, from 1.0274. Interest from funds, traders, Japanese banks, US, Asian to buy AUD, CAD, sell USD. WL

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