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Monday, July 10, 2006

AUD/CAD: Making Technical Gains

It will be interesting to take note of the market's mood as we enter the new week. Last week's volatility in many financial markets saw both the Dollar and equity markets trading erratically. In early futures trading, we can see that the Dollar Index is up strongly at 85.13. Overnight, equity markets were mostly up, with Japan's Nikkei making a 245-point gain and European indices keeping their heads above water. Metals are soft across the board. The Dollar is likely to benefit from any perceived decrease in "risk premiums". Read More....