اب سے ہم Elev8 ہیں
ہم صرف ایک بروکر نہیں ہیں۔ ہم ایک جامع ٹریڈنگ ایکوسسٹم ہیں—ہر چیز جو آپ کو تجزیے، ٹریڈ اور ترقی کے لیے درکار ہو، ایک ہی جگہ پر ہے۔ کیا آپ اپنی ٹریڈنگ کو بلند کرنے کے لیے تیار ہیں؟
ٹریڈنگ خبریں
22 Apr 2013
Forex Flash: Gold drop expected to knock 3.5 cents off the AUD/USD - NAB
FXstreet.com (Barcelona) - As NAB analyst note: “Since the beginning of April, gold has fallen almost $200 per ounce, at one point reaching a 2 year low of $1322, before recovering to $1410. The yellow metal is now down
15% year-to-date and 26% from its 2011 peak,” the bank says, while Gold trades last at $1408 in the spot market.
“Based on a 10 year historical correlation,” they add, “the gold price drop in isolation would be expected to knock some 3.5 cents off the AUD/USD. However, the correlation has broken down in the past two years and we are not rushing to downgrade our AUD/USD forecasts,” the analysts reckon. “More immediate downside risk arises from industrial metals prices and after China signals a ‘need to sacrifice short term growth',” they conclude.
15% year-to-date and 26% from its 2011 peak,” the bank says, while Gold trades last at $1408 in the spot market.
“Based on a 10 year historical correlation,” they add, “the gold price drop in isolation would be expected to knock some 3.5 cents off the AUD/USD. However, the correlation has broken down in the past two years and we are not rushing to downgrade our AUD/USD forecasts,” the analysts reckon. “More immediate downside risk arises from industrial metals prices and after China signals a ‘need to sacrifice short term growth',” they conclude.