06 March 2010

Benchmarks : Weekly Update

  • Return of risk appetite on less than expected job losses. Big squeeze on JPY crosses causing me much pain.
  • USDX : Closed at virtually unchanged level for 4th week in a row now. Chart outlook remains bullish.
  • US10YY : Once again, another bounce in yields off the 3.60% area. Still looks a tough call. Sideways perhaps.
  • S&P500 : Time and again, bears get killed here.
  • Gold : Resumption of uptrend ?

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