19 Jul 2013
Flash: FX & Commodities Weekly Highlights – TD Securities
FXstreet.com (London) - Research Teams at TD Securities offer some snap shot highlight s the week.
Key Quotes:
“Seasonal Swing Lower in USD/JPY Looms
Seasonal trends suggest downside risks are about to peak for USD/JPY just as the market is stepping back on the long side of this market. We recommend short positions with a stop above last week’s high”.
“Commodity Update
Negative gold forward rates and the rising Shanghai-COMEX premium may show a modest reversal”.
“Canadian Dollar
Other than just a stronger USD, some unusual CAD-negative signs have begun to emerge along with the QE taper trade”.
“Australian & New Zealand Dollars
With the crucial Australian CPI report slated for next week, we look at how to trade the AUD into the Wednesday release”.
Key Quotes:
“Seasonal Swing Lower in USD/JPY Looms
Seasonal trends suggest downside risks are about to peak for USD/JPY just as the market is stepping back on the long side of this market. We recommend short positions with a stop above last week’s high”.
“Commodity Update
Negative gold forward rates and the rising Shanghai-COMEX premium may show a modest reversal”.
“Canadian Dollar
Other than just a stronger USD, some unusual CAD-negative signs have begun to emerge along with the QE taper trade”.
“Australian & New Zealand Dollars
With the crucial Australian CPI report slated for next week, we look at how to trade the AUD into the Wednesday release”.