This nose-dive has occurred despite the fact that oil prices are at an all time low. However, while the CAD has been pulling the rupee value upwards, there have been various other heavy-weights that have been dragging the Rupee down.
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A variety of factors came together to drive the price of gold down with such a vengeance. We take a quick look at each of these and how they can be expected to pan out. Then we offer a technical outlook for the near future.
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Since China consumes half the world’s copper, any discussion around the fortunes of this metal will tend to pay significant attention to the state of the Chinese economy and its demand for copper.
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The euro fell to a four-month low as the official response to the Cyprus crisis has undermined confidence. The Dollar Index is making fresh highs on this most recent move and is back to its June 2012 spike. A break above 84 will take the Dollar Index to a multi year high. The Dollar, it seems, is going through a
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