20 February 2010

Benchmarks : Weekly Update

  • Event of the week : Surprise timing of Fed Discount Rate Hike on Thurs 18Feb10 post-NY close (>5:30 am 19Feb10 Spore time).
  • USDX : Uptrend firmly entrenched even though we closed off the knee jerk highs of the week.
  • US10YY : Frustratingly unable to find a trade here off the weekly chart.
  • S&P500 : Given up trying to short this, for now at least. But UpTL break still valid. Perhaps watch daily chart for sudden sharp revesal.
  • Gold : Low confidence call in uptrend resumption. Broken a not so significant resistance line. But looks good vs EUR.

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