17 July 2010

Benchmarks : Weekly Update

  • The XAU/EUR torture continued here during this past week. (Gold as anti-USD has failed for a while already). Stopped out short EUR/GBP as part of the fallout.
  • USDX : Weekly UpTL at around 0.8400 broken. But given how quickly (6 weeks) and sharply we have fallen from the high at 0.8871 to current 0.8256, am wary of calling for much more immediate downside.
  • US10YY : 2.93% = lowest weekly close thus far. Building on long TY positions here.
  • S&P500 : Week's high 1099. Having held above the open at 1078 all week long, Friday's reversal and close below at 1065 has the feel of a reversal about it. Perhaps, perhaps, it is finally time for bears to prosper. Not holding my breath though.
  • Gold : Long position kept sufficiently small to leave me unaffected by swings here whilst clinging on to the hope of a large payout on an "insurance" trade. UpTL just about holding still.

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