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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)
 
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Rezz
Vancouver, Canada
Posts: 53
13 years ago
Apr 7, 2011 6:35
A related article today at DailyFX: "Oil, Gold and Silver to Fall if Risk Appetite Sours After ECB Rate Decision" http://bit.ly/hGqB7M
My own thinking is that an ECB rate hike will affect bond yields across the short and long ends of the yield curve, hence "cost of equity capital" rates go up which is negative for equity valuations. The Euro economy is over 15 trillion dollars so any slowdown in euro growth even by fractions of a % can affect commodity prices.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 6, 2011 23:08
if ecb does tighten would that be bad for risk on/gold...and why is every1 not talkn about the gbp raising rates tomor after all there the 1 with 4.6% inflation not 2.5..lol..i know there in similar boat as eur with austerity ect..but what effect will that have if they raise first then eur not raise?thanks gl gt :)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 18:52
30 yr bonds made move down expected for today. I need to see the wave B low taken out at 118'05 to validate my count. Current price 119'05. Move to new low below 116'26 ultimately expected.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 18:46
NZDUSD never looks back. Tested the feb high today and shyed away for the time being. Right now we have a triple top in place at the 7800/7820 level. Well overdue some kinda ret.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 18:37
Mainly becausee of the break above channel resistance on retest.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 18:35
audusd went to new highs as suspected, currently consolidating around 1.0430 having made the 161.8% ext at 0440. expecting further upside in due course.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 18:32
SP 500 futures 4th day of 10 handle whipsaw ranging on low breadth. Scalps only
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 18:30
Gold a knats whisker shy of my 1466 level. Silver difficult to read having exceeded all targets. Trailing stop have to take care of position.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 18:25
CL makes a new high as expected but shy of my target level and now we are seeing some considerable divergences. Not helped by inventory # today but I may get flat soon.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 13:01
Chloe, I am watching audusd and the ret back up on 60 min t/f made exact 100%sym so could be in for another down move to lower low below 1.0287. But that low also made 100% potential sym which was suggestive end of a correction. Jury out at mo. If it moves back up above the 0416 high I shall be a buyer again. If it moves down much I might be a scalper.

As to fading junkie, we all learn by constant repetition receiving punishment. Mkt is good teacher but very saw ass from kick ass before we see daylight. Sorry to be patronising.

We can expect continued volatility on EU etc for next 24 hrs.
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