01 May 2010

Benchmarks : Weekly Update

  • Excellent trading week, driven by Greece and GS news flow.
  • USDX : Uptrend. No question.
  • US10YY : Heading towards yield support around 3.60%. Range traders sell UST near that level.
  • S&P500 : Reversal week. But hesitant to call it "the" uptrend reversal, having been burnt so many times previously. Near term weakness is likely however.
  • Gold : Safe haven bid. Looks good.

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