19 September 2009

Benchmarks : Weekly Update

  • USD index : Firmly entrenched in downtrend.
  • US10YY : Crossroads, but with lower yields generally more favored.
  • S&P500 : Exact reverse of USD index since US yields hit near zero and USD became a carry trade funding currency.
  • Gold : Triangle = up. Some consolidation of recent gains reasonably expected.
  • "The Trend is your Friend".

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