03 July 2010

Benchmarks : Weekly Update

  • Wrong sided on the Gold leg of the great XAU/EUR unwind this past week. An otherwise great week turned sour. Weakish NFP.
  • USDX : Looks heavy. Compared to the Gold chart, this looks like it's in more trouble.
  • US10YY : 1st weekly close below 3.11% chart point. Confirmed sell (lower yield) signal. Huge DT.
  • S&P500 : As per US10YY, 1st weekly close below SHS NL at 1041. Confirmed a Sell.
  • Gold : Kept part of my longs still. Close below 1226 is a worry, but this is the only true money central banks can't create more of. Some involvement desired.
  • Overall - definitely picture of slowing suggested by USDX, US10YY and S&P500 in unison.
  • Happy that Man U old boy Diego Forlan has emerged as one of the stars of this WC. Lets hope same with Juan Sebastian Veron tonight. (Next best thing with no current Man U representation at the WC! Rooney was a huge disappointment). Should be a cracker of a game. Good weekend.

8 comments:

Taichiseal said...

Carlos Tevez's (Man U alumni) sublime goal vs Mexico here :=

http://www.youtube.com/watch?v=6evWoxWw53w

TradeDemon said...

That was some impressive football from Germany!!

Taichiseal said...

FIFA nightmare - Paraguay v Germany finals and Suarez scores winner.

I hope it's Holland v Spain in the finals.

Unknown said...

liverpool still got 2 first team 1 reserve and 2 ex players left in the world cup. Not too bad for a team who finished 7th in the league

Taichiseal said...

Lets see .. Dirk Kuyt, Fernando Torres, Ryan Babel and Arbeloa ?

OK u win. Man U left with Forlan only. Even then .. ex Man U.

Taichiseal said...

Gerard Pique ex Man U as well.

TradeDemon said...

bloody face ripper today...

Taichiseal said...

yes indeed .. frustrating