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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 8, 2009 14:41
Ashraf,
one more thing, Dollar Index showing positive divergence with MACD (daily chart), the trendline support is there at 76.30 level (spt).Can you expect a broad rally in DX?
asad
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 14:33
Funny, really funny...this shouldn't be happening. All thanks to weakness in the dollar! If they say oil demand in US has improved and everything is right about the US equity market...then shouldn't the greenback be doing well. What's the concern?
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 8, 2009 14:32
Ashraf,
I just initiated my short AUDUSD 0.8616 (Spt). What do you think about AUDUSD...
Regards,
Rajib.
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 8, 2009 13:53
Have to agree with a comment made by Said, the atmosphere in the credit mkts will def determine the direction of the mkts in the next few weeks. And the atmosphere there doesn't eem all doom and gloom...we could see 1.45 eurusd and OIL re-testing highs soon
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 8, 2009 13:43
As per usual after a G20 meeting assets go up...Same thing happened in march
anauel63
london, UK
Posts: 34
15 years ago
Sep 8, 2009 13:38
so what's the deal? inflation is creaping back soon?
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 8, 2009 13:16
Knowing GS their prop desk is prob on the other side shorting the hell out of WTI
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 8, 2009 13:16
Goldman Sachs says oil demand has improved in US and Europe; reiterates USD 85 per barrel year end forecast for WTI oil
rpats
London, UK
Posted Anonymously
15 years ago
Sep 8, 2009 12:54
Ashraf, a rather unusual quiet morning from you and spec today...
what's happening boys? risk aversion not working?
yet again... market proves another theory wrong...

sorry lads jus can't help but chuckle looking at cable charts this morning...
said
mulhouse, France
Posts: 2822
15 years ago
Sep 8, 2009 10:52
ashraf
friday saw a sell off in 10years reaching the 3.44 level
tomorrow we have auction for seven year. do u think the bid to cover ratio wont be at expected level and that will trigger the sell off continuity.
for the US30 we reached and have bounced back on the 38 percent fib. the next target is 50 percent so 10300 level. probable or not
i see a high corelation between whats happening in the treasury and the non frequent intervention of the fed on the market to justify this level for the us30.