20 July 2009

Benchmarks : Weekly Update

  • USD index : Near bottom of range at 79.36 now. Appears ready to puke soon? Or range trading still?
  • US10YY : Backed off 3.30% and up into old range 3.60%/3.90%.
  • S&P500 : Strong 940 close, just below 945 resistance. WTF?
  • Gold : Range trading.
  • Overall - Last week was good for Risk Taking, reversing sentiment of the prior few weeks. No clue what's in store this week.
  • Risk Aversion rescued by short USD/CAD last week.

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