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Morning Briefing

While you were trading

20th May, 2006

Ratio of 2.65/1.00
Commodity currencies like the Canadian Dollar and the Australian Dollar have shown a 74% correlation with commodities such as precious metals and oil, so far in 2006.

The chart below tracks the relative percentage movement of precious metals and crude in 2006

Performance in 2006
Gold Up 27%
Silver Up 41%
Platinum Up 35%
Palladium Up 34%
Crude Up 09%

Percentage Price movement
Commodity Currencies
Apart from a brief fall in late-March, the two leading commodity currencies have also moved up in 2006.
Performance in 2006
Australian Dollar Up 3.37%
Canadian Dollar Up 4.26%

Percentage Price movement

On an average, a 2.63% move in commodities sees a corresponding 1% move in commodity currencies. A handy ratio to keep in mind while you ARE trading.


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