aussiebear Posted May 17, 2010 Report Share Posted May 17, 2010 A downward swoop for early openers although the Kiwis are off the lows, currently -0.1%, Nikkers -1.6%, Aussies -1.7% and Sth Korea -1.8%. Link to comment Share on other sites More sharing options...
aussiebear Posted May 17, 2010 Author Report Share Posted May 17, 2010 http://finance.yahoo.com/intlindices?e=asia Link to comment Share on other sites More sharing options...
aussiebear Posted May 17, 2010 Author Report Share Posted May 17, 2010 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html Link to comment Share on other sites More sharing options...
aussiebear Posted May 17, 2010 Author Report Share Posted May 17, 2010 Found in China. Link to comment Share on other sites More sharing options...
aussiebear Posted May 17, 2010 Author Report Share Posted May 17, 2010 Pretty much a meltdown in the Asia-Pacific region. All Ords closed -3.1% with Miners -4% out in front, Materials -3.8% and Energy -3.6%. The only green sector was Gold, +0.6%. Over in Asia, China -3.8%, Honkers and China -2.5% and Nikkers -2.2%. On to UK/Europe: Link to comment Share on other sites More sharing options...
aussiebear Posted May 17, 2010 Author Report Share Posted May 17, 2010 EU Officials Face Trichet Call for `Quantum Leap' in Policy as Euro Slides European finance ministers return to Brussels today as European Central Bank President Jean-Claude Trichet calls for a “quantum leap” in policy making to help stamp out the bloc’s sovereign debt crisis. One week after agreeing to a $1 trillion financial lifeline for the euro region, ministers are under pressure to show they can reduce deficits fast enough to satisfy investors and then police budgets effectively once targets are met. While Italy is following Spain and Portugal in announcing budget cuts, the drumbeat of skepticism about policy makers’ ability to end the crisis is getting louder. The euro dropped today to the lowest in more than four years against the dollar. The Euro Stoxx 50 Index on May 14 tumbled the most since March 2009. Do I detect a note of panic? Link to comment Share on other sites More sharing options...
Jetlag Posted May 17, 2010 Report Share Posted May 17, 2010 EU Officials Face Trichet Call for `Quantum Leap' in Policy as Euro Slides European finance ministers return to Brussels today as European Central Bank President Jean-Claude Trichet calls for a “quantum leap” in policy making to help stamp out the bloc’s sovereign debt crisis. One week after agreeing to a $1 trillion financial lifeline for the euro region, ministers are under pressure to show they can reduce deficits fast enough to satisfy investors and then police budgets effectively once targets are met. While Italy is following Spain and Portugal in announcing budget cuts, the drumbeat of skepticism about policy makers’ ability to end the crisis is getting louder. The euro dropped today to the lowest in more than four years against the dollar. The Euro Stoxx 50 Index on May 14 tumbled the most since March 2009. Do I detect a note of panic? "Made in China" "product editors" must be shaking in their boots. Local industries are opening the champagne. Link to comment Share on other sites More sharing options...
Lemur Posted May 17, 2010 Report Share Posted May 17, 2010 Long eurusd here from 1.2290. Took half profit at 1.23228. Looking to catch a big move with the rest of the position. Link to comment Share on other sites More sharing options...
Lemur Posted May 17, 2010 Report Share Posted May 17, 2010 Took a tiny profit on rest of the eur position when it failed to clear 1.23275. Watching for re-entry. Link to comment Share on other sites More sharing options...
Lemur Posted May 17, 2010 Report Share Posted May 17, 2010 Back in eurusd long. Looking for a good run this time. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted May 17, 2010 Report Share Posted May 17, 2010 I would be very careful being short here. If that turn in the EUR/USD sticks, we might see a nice rally in the next few weeks. Link to comment Share on other sites More sharing options...
unSane Posted May 17, 2010 Report Share Posted May 17, 2010 Did anyone notice that the Shanghai Composite is down 5%? Is that a lot? Link to comment Share on other sites More sharing options...
DrStool Posted May 17, 2010 Report Share Posted May 17, 2010 Precious Metals Update Link to comment Share on other sites More sharing options...
Lemur Posted May 17, 2010 Report Share Posted May 17, 2010 I would be very careful being short here. If that turn in the EUR/USD sticks, we might see a nice rally in the next few weeks. I am looking for a run back to 1.3000. Its a long way to go. Lets see if I can stay on the bronco this time. Link to comment Share on other sites More sharing options...
Trader Joe Posted May 17, 2010 Report Share Posted May 17, 2010 I am looking for a run back to 1.3000. Its a long way to go. Lets see if I can stay on the bronco this time. I agree Not sure about 1.3000... ...but the Euro's imminent demise is just "a tad" overblown Link to comment Share on other sites More sharing options...
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