AUD/CAD
AUD/CAD
14h
Last updated:
Sep 22, 2023
| Low | |
| High |
Average True Range
Total Intraday Range (% of ATR)
Note: Low and High figures are for the trading day.
Australia's ties to China and the 'hard' commodities it produces have fostered a historical relationship between the local currency and precious metals. The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.
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Real Time News
Sep 22, 2023
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*That should start with "A..." instead of "An...". Don't have Twitter blue so I can't edit and I am not reposting this thread lol
Sep 22, 2023
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(5/6): And this is what it looks like if we try modeling NFP real estate using home sales from 1.5 years ago
Again, at 44% explanatory power, it's not perfect, but at the same time, I think it is worth paying attention to, especially considering it's just 1 variable https://t.co/9rYrj6y1zH
Sep 22, 2023
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(6/6): Yes, there are a whole lot of factors that go into NFP real estate
And we are not considering those here
But just on this data alone, there is not a single quarter (from Q4 2023 - Q1 2025) where the baseline estimate is either jobs growth or unchanged
Food for thought! https://t.co/wx3nfkvT97
