Top Currencies Vs. Gold: Which Fiat Could Beat Gold in 2017?

Aibek Burabayev - INO.com Contributor - Metals


This is a traditional post with a performance review of top currencies versus gold at the end of the year.

The fiat money is represented by 7 currencies: US Dollar (USD) and 6 components of the US Dollar Index (DXY) placed by weight: Euro (EUR), Japanese yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK) and the Swiss Franc (CHF).

Chart 1. Year-To-Date Dynamics Of Top 7 Currencies Versus Gold: The Only Winner

Gold vs. World Currencies
Diagram by Aibek Burabayev; Source: tradingview.com

This year the gold was almost as strong as last year compared to the top currencies and only one rival could escape from its death grip. The Euro was also very strong this year as the Euro Index scored a hefty 7.26% gain against its peers (USD, GBP, JPY, CHF). It helped the euro to outweigh gold by 2%. Last year the EUR finished on 5th place.

Below is the full ranking for Y2017 with the Y2016 places in the brackets. Continue reading "Top Currencies Vs. Gold: Which Fiat Could Beat Gold in 2017?"

Top Fiat Money Vs. Gold: What Shines Brighter in 2016?

Aibek Burabayev - INO.com Contributor - Metals


It becomes a tradition to post a performance review of the top currencies vs. gold at the beginning of the new year.

Fiat money is represented by 7 currencies: The US dollar (USD) and 6 components of the US dollar index (DXY) placed by weight: euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK) and the Swiss franc (CHF).

Chart 1. Year-To-Date Dynamics Of Top 7 Currencies Versus Gold: No Comment

Chart 1. Year-To-Date Dynamics Of Top 7 Currencies Versus Gold
Diagram by Aibek Burabayev; Source: tradingview.com

The Euronews agency has a special rubric called “No comment” where they show video news without commentary as the picture speaks for itself when something dramatic, awful or really amazing is shown. I think the above diagram also speaks for itself and it shows the drama where the gold just smashed all of the fiat currencies as none of them could escape. None! Continue reading "Top Fiat Money Vs. Gold: What Shines Brighter in 2016?"

Safe Haven Test: 1+ Year After SNB Shock

Aibek Burabayev - INO.com Contributor - Metals


More than a year ago, on the 15th of January 2015, the market was shocked by the sharp move of the Swiss National Bank (SNB) abandoning the cap of the Swiss franc to the euro. I dedicated a special post to that event. This time, I've made a comparative chart for the period from the start of 2015 until today to show you how the SNB's move affected the safe haven currency for the past 13 months.

The Swiss franc is in an inverse cross here (CHFUSD) to comfort your perception of both assets dynamics against the US dollar.

Chart 1. Gold vs. Swiss Franc: Gold Wins Again

Gold vs. Swiss Franc
Chart courtesy of tradingview.com

The shock was short-lived as the currency quickly lost the gains during the first quarter of 2015. The Franc caught up with falling gold in a very tight correlation. They bottomed at the same time in March of 2015 and then reversed to the upside and peaked in May of 2015. The similarity of trends continued with the metal gapping deeper on the drops. Rare short interruptions of the link occurred last December and this month when gold increased its value and the franc didn't. Continue reading "Safe Haven Test: 1+ Year After SNB Shock"

Top Forex Pairs VS. Gold: Another One Bites The Dust

Aibek Burabayev - INO.com Contributor - Metals


A year ago I wrote a post to compare the top currencies dynamics against Gold inside of the year. Today I want to repeat the experiment to see which one could beat the safe haven and which one couldn't. This time, you will see a modified version of the chart where the inverse metal crosses show not Gold's (last year version), but the currencies' dynamics for easier eye perception.

To remind you of the short list, there are seven currencies compared: US dollar (USD) and 6 components of the US dollar index placed by weight: Euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK) and the Swiss franc (CHF). Continue reading "Top Forex Pairs VS. Gold: Another One Bites The Dust"

Aussie Dollar: Short to Long View

Lior Alkalay - INO.com Contributor - Forex


Two weeks ago investors in the Aussie Dollar were on the receiving end of a sweet surprise. The official unemployment rate dropped to 5.9%, smashing analysts’ expectations. That suggested the Reserve Bank of Australia’s latest easing cycle, which began about a year ago, might soon be ending.

But before you jump on the Aussie bandwagon, you need the right strategy.

Aussie Outlook Looking Brighter

The truth is that the whiff of optimism had been long overdue for the Aussie Dollar. Even before the unemployment data there had been tentative signs of stabilization in the Australian economy.

Key Points Of Improvement

Continue reading "Aussie Dollar: Short to Long View"