| The price of Iron Ore is moving to the lowest level since 2009 in trading today. Lower home prices in China was a catalyst for recent declines, as is slower overall growth in China. At the same time there has been an increase in supply of Iron Ore by producers. Citigroup sees a move down to the $50’s in 2015 from $71.80 currently. There is a lot more meat on that bone if they are right.
If the price and demand does decline, Australia, a supplier of raw materials to China, should experience slower growth as a result. This should lead to a lower AUDUSD. What is the relationship between Iron Ore and the AUDUSD? Is there an opportunity? How should you trade it? In this video, Greg Michalowski, Director of technical analysis at ForexLive.com tells how marrying the technicals with the fundamentals will often protect the trader in case the relationship breaks down or the expectation does not materialize. http://www.forexlive.com/ SUBSCRIBE FOR FOREX VIDEOS EVERY DAY http://www.youtube.com/channel/UCpuHc… SUBSCRIBE TO OUR EMAIL LIST! http://forexlive.us7.list-manage.com/… LET’S CONNECT! Google+ ► https://plus.google.com/1026488501294… Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Linkedin ► https://www.linkedin.com/company/fore… High Risk Warning: All news, opinions, research, data, or other information contained within this presentation are provided as general market commentary and do not constitute investment advice. ForexLive expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. |
Tags:
