13 March 2010

Benchmarks : Weekly Update

  • Turning out to be a much more difficult month than imagined. Strong rallies in GBP and EUR to end the week causing much pain. Reduced risks.
  • USDX : Closed the week right at the UpTL. A worrying development for USD bulls. Need a solid bounce to keep this going.
  • US10YY : A lot of noise of little overall consequence.
  • S&P500 : Chance to put the double top theory to a true test in the coming sessions.
  • Gold : Sideways. Disappointingly weak in the face of firm price action in EUR/USD. XAU/EUR in trouble also.

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