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aussiebear

Attenuated amnesty

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Early openers are scrabbling for direction: Aussies and Nikkers -0.6%, Kiwis +0.1% and Singers +0.4%.

 

In the Aussie market, Gold is taking a pounding, -2.5% followed by Financials -1.1% and Energy -0.9%. On the upside IT is the leading sector, +1%.

 

 

t?s=%5ENZ50

 

 

t?s=%5EAORD

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w?s=%5EAORD

 

 

Yet another level for the waterfall. All Ords closed -1.6% with Gold -2.9% clinging on to the downside lead followed by Financials -2.6% and Miners/Materials -1.5%. Greens were Health +1% and Telecomms +0.1%.

 

Asia is slightly better off: China -1.2%, Honkers flat, India +1.1% and Nikkers -1.5%.

 

 

On to UK/Europe:

 

 

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Long Audusd here looking for a pop back to 0.8500 resistance off the weekly 900sma.

 

 

Scalped some eurusd long this morning.

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Singapore Economy Expands at Faster-Than-Estimated 38.6% Annualized Pace

 

Singapore’s government said the economy expanded faster than initially estimated last quarter and raised its forecast for export growth, judging that Asian demand will make up for any slowing of European sales.

 

Gross domestic product grew an annualized 38.6 percent from the previous three months in the first quarter, compared with an April estimate of 32.1 percent, the trade ministry said in a statement today. That was more than the median estimate for a 33.4 percent increase in a Bloomberg News survey of eight economists.

 

Singapore has raised its growth forecast twice this year and the central bank said last month it will allow the currency to strengthen as it joins Malaysia in withdrawing monetary stimulus.

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Japan Economy Grows Less Than Estimated

 

Japan’s economy grew less than forecast in the first quarter as an export-led recovery failed to stoke consumer spending, putting pressure on the central bank to do more to end deflation as it begins a two-day meeting.

 

Gross domestic product rose an annualized 4.9 percent, less than the 5.5 percent median forecast in a Bloomberg survey of 21 economists, a Cabinet Office report showed in Tokyo. Export gains saw nominal GDP, which is unadjusted for price changes, increase 1.2 percent on a quarterly basis, the most in a decade.

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Now Platinum & Palladium smoked. Before it was Crude, Lumber and copper. Then the Russell.

 

Before that is was the China/Goog connection.

 

Thank You for the Roses.

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Daniel Frishberg:

 

"Sellers of stocks are now more motivated than they have been since the bull market began in March of 2009. Owners of stocks are now willing to take profits at current level. Buyers who were eager to assume risk only a few weeks ago, are now holding back awaiting lower prices.

 

We are about to be offered, over the next few month, cheap prices on steel, copper, raw materials, industrials, and all the building blocks of society."

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hey doc,

 

helluva call/entry points on your ETF shorts in the professional edition

 

job well done

 

A rare event. I hope you didn't jinx it. :lol: (But thanks for the kind words ;) )

 

 

Get daily updates on the 4 week, 6-7 week, 13 week, and 6 month cycle projections in the Wall Street Examiner Professional Edition Daily Market Update and support your community. Join NOW!

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