Gold - Forex Correlations Reaching Record Levels for Commodity Currencies

3 Top Themes This Week: Bernanke Green Lights "Risk On", AUD at Record Highs, ...

The historic FOMC decision and press conference came and went this week, for the most part we got the same statement as we had in March, with a slight more emphasis on inflation.

Fed Chairman's performance came through "dovish" as he reiterated the need to keep rates low. We did see

AUD Reaches Record High

After the Australian government proved that producer prices surpassed estimated prices, the Australian dollar climbed to a new high.

U.S. Dollar Index Approaches All Time Record Low

The U.S. Dollar Index remains hovered close to a 3-year low in light Asian trade, underpinned by the likelihood of prolonged low interest rates and a growing U.S. budget deficit.

Gold Pushing Daily Record Highs

U.S. Dollar Trading (USD) the USD hit fresh year lows against most currencies in Europe overnight but pared back those losses in the US session on profit taking. Weekly Jobless claims jumped to 429k vs. 392k expected. Q1 GDP also missed at 1.8% vs. 2.0% forecast Q/Q. In US stocks,