A chart I saw on the weekend business show caught my interest. I believe it was sourced originally from Citis. I saw it on Alan Kohler's Inside Business on Sunday morning.
It shows the AUDUSD versus the terms of trade faced by Australia. Combined with the market intel that traders are still positioned at close to record short on the AUD, it suggests a powerful catalyst is at hand to prompt a scramble higher.
It shows the AUDUSD versus the terms of trade faced by Australia. Combined with the market intel that traders are still positioned at close to record short on the AUD, it suggests a powerful catalyst is at hand to prompt a scramble higher.
No comments:
Post a Comment