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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Mar 9, 2010 20:21
TORONTO (Dow Jones)--The dollar is higher against the euro and the U.K. pound Tuesday but has ceded some of its gains as investors shift back into riskier assets.
The pound and the euro managed a partial rebound from losses suffered earlier in the session after warnings from ratings agencies about deteriorating credit quality in Europe prompted investors to seek refuge in the dollar and the yen.
Without significant data releases Tuesday, currency markets instead took their direction from broader shifts in investors' attitudes toward risk.

Nice blah blah, but why investors turned back to risk?
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Mar 9, 2010 20:11
Ok guys, Im dissecting the newswires to get some clues on what the hell happened today between 13:30GMT and say 14:00GMT that reversed today's trends. But there seems to be nothing.
Maybe the Redbook Research's report on US Retail Sales in March? Not likely... Maybe the Fed Evans' notes about possible future asset purchases? Hmm hmm... Or maybe the BoC probable 25-bps rate hike at the July 20 meeting reported by TD Waterhouse. But according to my sources, there is nothing. So the unofficial RBA buying could be the cause... but... I don't read everything.
PippedOff
Posted Anonymously
14 years ago
Mar 9, 2010 19:46
speaking of oil, eighth straight down day in USDCAD. Had this been euro or GBPUSD, people would be screaming and blaming the speculators. Greece offocials are crying fools. They are the one's who deceived the public by engaging in the commission-generating swaps packaged by Goldman. They specifically lied and utilized criminal activities to deceive the public. Now they point fingers at the speculators.
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 19:22
Oil might just be at a critical turning point today. It made a doji on the daily chart yesterday at the top of what looks like the right shoulder of a h&s formation. (matched the level of the left shoulder almost exactly) Also today looks like the first time we had both a lower low and a lower high going back 7-8 sessions. Then again the puzzling relentless bullishness in equities may keep it supported.
klevera
seoul, Korea Sout
Posts: 51
14 years ago
Mar 9, 2010 19:20
I think we will make a dogi candle today
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 19:10
Got stopped out on the silver @ 17.21 earlier. Lost .21 on one lot and made .12 on the other, so not a total disaster I guess. Decided to try shorting oil this time instead-- @ 81.60.
chloethebull
Posted Anonymously
14 years ago
Mar 9, 2010 18:23
@pippedoff, if u think there running outta bullets(rba).are adding to any positions?i just picked up usdcad 1.0244..gl
PippedOff
Posted Anonymously
14 years ago
Mar 9, 2010 18:20
I ahve backed up the truck and shorted AUDUSD big gtime here at 0.9142, Gold at 1123.5, gpdusd at 1.0510 and euro at 1.3611.

I have also just faxed a letter of appreciation to Stevens at the RBA for the gifts he has given.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 18:06
Thank the RBA as they pushed AUD up 90 pips in 4 hours based on zero news. However, they are just about out of bullets, and the reality of their overpriced overhyped currency will set in.

Whe top in AUD will be hit within 24 hours, if not already at 0.9140
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 9, 2010 18:01
Jeez...I step out for a 3 hours to run errands and my silver trade turns to crap. Looked so promising too!