OPEC and US hurricane season ramping up the price of oil...If CL wasn't manipulated by the excess liquidity in the system and allowed to trade as per fundamentals it would be trading in the mid to lower 60s...either way am fading all these moves higher unless we break 75.5, then I can see a charge up to 80.66 and poss further
I see OPEC have sent King Abdullah out there to drive crude prices higher...nothing like a bit of mideast war news to spook mkts and drive the price of crude and gold up....my tip...pretty obvious really Gold to finally climb over 1300 and crude to also have a rally...76 maybe, but can still see crude being range bound.
@Asad & AMG I agree USD rally is well overdue but we are in a race to the bottom (currency wise) and until that plays out will sit tight and only take small positions
@Ashraf totally agree with your point about philly index and mkts forcing the FOMCs hand....Anyone who follows the SPX has noticed that we have had 3 doji candles in the last week or so...this mkt is compressing to the point where it will explode one way or another...IMHO FED will not laucnh QE2 as mkts expect and we will see a big selloff in equities and commodities
CL_F short playing looking v tempting...want to see where it closes tonight...if it doesn't close above it's 100DMA...short this mofo....same with SPX...is flirting with res at 1107...
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
@Asad & AMG I agree USD rally is well overdue but we are in a race to the bottom (currency wise) and until that plays out will sit tight and only take small positions