If AUD/NZD can break above the top of its current flag pattern, it may be on its way to the flag target above 1.1000. During the Asian time zone earlier today, Australia released stronger economic data that gave a lift to AUD/NZD. The new monthly CPI indicator for November showed that inflation increased from 6.9% […]
Australia data provides AUD/NZD pump Read More »
The correlation coefficient between Copper and USD/CNH is -0.83. As long as this correlation is below -0.80, USD/CNH could be used as a proxy for copper. Copper is often referred to as “Dr. Copper” because it is used to gauge the health of the global economy. If the price of copper is moving higher, the
Copper strength signaling stronger Yuan Read More »
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