More from FXstreet.com

Forex Flash: AUD/USD strength to endure – NAB

By FXstreet.com,  January 03, 2013, 06:48:00 AM EDT

FXstreet.com (Barcelona) - With a few exceptions mostly in agriculture (corn, wheat and soybeans, but also natural gas) commodity markets are showing across-the-board strength. Nymex and Brent crude are both up just over a dollar, industrial metals up 0.5% on average and precious metals up by between 0.8% (gold) and 2.4% (silver).

"For the AUD today, the overnight high of 1.0524 should hold the topside though we'd expect dips to prove shallow. The caveat is that if liquidity remains as poor as it was on Wednesday, bigger moves are possible on anything more than small-scale order flow." writes the NAB Research Team.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...
WSJ House of the Week: And the Winner Is…
WSJ House of the Week: And the Winn...
How to Invest When Interest Rates Rise
How to Invest When Interest Rates R...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.40 0.24  0.82%
NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%