Silver Takes the Spotlight in Volatile Week
The de-leveraging of the commodity market, spilled over into other riskier assets generated a round of liquidation of the markets. Silver was in the spotlight for most of the week sliding close to 17 dollars per ounce, as high frequency investors quickly exited positions. During the week, oil prices were also hammered sliding close to [...]
Aussie on a 15-Month High
Friday, November 13th 2009, 06:20 GMT The Aussie gained fresh upward momentum on ‘better than expected’ unemployment data alongside firm commodity prices. It touched a new 15-month high by briefly touching 0.9370, its highest point since late Aug-08. The pair (AUD/USD) posted an intraday high of 0.92820 and is currently trading at 0.92784, against the [...]
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