aussiebear Posted September 20, 2007 Report Share Posted September 20, 2007 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted September 20, 2007 Author Report Share Posted September 20, 2007 http://money.cnn.com/markets/morning_call/ http://www.kitco.com Energy futures Currencies/Au/Ag Link to comment Share on other sites More sharing options...
aussiebear Posted September 20, 2007 Author Report Share Posted September 20, 2007 All Ords started off strongly but is now having second thoughts. The index currently +0.6% with Materials being the only strong sector, +1.2% and Energy next, +0.9%. There's several red sectors of which IT is down the most, -0.5%. The big miners are fiddling around: BHP +1.4% and RIO +0.6%. Golds up but not getting carried away, Newcrest +1.6% and Newmont +1.1%. Oils are bouncing along nicely: Woodside +1.6% and Santos +1.8%. Caltex is doing a dip, -0.9%. Over in Asia, Taiwan is the only bourse with a large gain, +1.5%. Nikkers opened high and then dived, currently +0.3% and Singers -0.4%. Link to comment Share on other sites More sharing options...
aussiebear Posted September 20, 2007 Author Report Share Posted September 20, 2007 BOE Reverses Policy, Lends Three-Month Emergency Cash Sept. 19 (Bloomberg) -- The Bank of England abandoned its opposition to emergency three-month money auctions and loosened lending standards, a week after Governor Mervyn King said such steps would encourage ``risky behavior.'' ``This measure is being taken to alleviate the strains in longer-maturity money markets,'' the central bank said in a statement today. The bank said it will accept ``mortgage collateral'' at the auction of 10 billion pounds ($20 billion) in loans next week, which will have a penalty rate of 6.75 percent. The Bank of England said three further loans will be made at ``weekly intervals'' and their size will be decided in ``due course.'' Link to comment Share on other sites More sharing options...
aussiebear Posted September 20, 2007 Author Report Share Posted September 20, 2007 Absolute Capital Halts Redemptions After Homm Quits Sept. 19 (Bloomberg) -- Absolute Capital Management Holdings Ltd., whose co-founder Florian Homm quit abruptly yesterday, stopped investors from withdrawing money from eight hedge funds that manage $2.1 billion. Absolute Capital clients tried to remove more than $100 million after Homm quit yesterday, the company said in a statement today. The firm told investors they shouldn't expect to withdraw money for a year while it restructures the funds. Seven of the pools hold over-the-counter U.S. stocks that can't be sold at the prices the firm has on its books, affecting as much as $530 million of assets. Homm, 47, managed three of the funds affected, and oversaw the others as co-chief investment officer. Shares of Absolute Capital, which has its main offices in Majorca, Spain, slumped 84 percent in the past two days. Link to comment Share on other sites More sharing options...
crazy_ate Posted September 20, 2007 Report Share Posted September 20, 2007 Down when I posted it @ 12:14 am.....maybe the Senior Chief MorAn of this site is onto something...... Link to comment Share on other sites More sharing options...
aussiebear Posted September 20, 2007 Author Report Share Posted September 20, 2007 Yeah well, All Ords put on +0.6% but with the momentum indicators making bearish divergences I think we're pretty well at the end of the run. The all time highs are within striking distance now so there may well be a last ditch attempt to break thru tomorrow. In the sectors, Energy was clear leader, +1.8% followed by Materials +1.2%. The other sectors were ho-hum. IT closed down the most, -1.3%. Not too much change in the miners: BHP +1.4%, RIO +0.9%, Newcrest +2.6% and Newmont +0.9%. Strong moves by the oils: Woodside +2.2%, Santos +3.4%. Refiner Caltex closed flat. Mostly up in Asia: China +1.4%, Taiwan +0.6% and Singers -0.2%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
fxfox Posted September 20, 2007 Report Share Posted September 20, 2007 EUR/USD did go thru 1.40 like it wasnt there, high just 45 mins ago was at 1.4065, now comming back a bit. At 8 central european time forex trading in europe starts and they bought bought bought... Meanwhile USD/CAD is at 1.0115 Link to comment Share on other sites More sharing options...
fxfox Posted September 20, 2007 Report Share Posted September 20, 2007 It will happen, maybe today. Canada wins! Link to comment Share on other sites More sharing options...
fxfox Posted September 20, 2007 Report Share Posted September 20, 2007 Gold weekly one has to say technically it is very bullsih. Since its bull run started 5 years ago it never ever tested its EMA 200 weekly, we had only tests of the EMA 50 weekly (which is more or less the same as the EMA 200 daily). Thats bullish. Right now Gold is only a point away from its may 2006 high. Chart ?ffnen Link to comment Share on other sites More sharing options...
aussiebear Posted September 20, 2007 Author Report Share Posted September 20, 2007 Fears of dollar collapse as Saudis take fright Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East. The Saudi central bank said today that it would take "appropriate measures" to halt huge capital inflows into the country, but anal cysts say this policy is unsustainable and will inevitably lead to the collapse of the dollar peg. There is now a growing danger that global investors will start to shun the US bond markets. The latest US government data on foreign holdings released this week show a collapse in purchases of US bonds from $97bn to just $19bn in July, with outright net sales of US Treasuries. The danger is that this could now accelerate as the yield gap between the United States and the rest of the world narrows rapidly, leaving America starved of foreign capital flows needed to cover its current account deficit - expected to reach $850bn this year, or 6.5pc of GDP. Jim Rogers, the commodity king and former partner of George Soros, said the Federal Reserve was playing with fire by cutting rates so aggressively at a time when the dollar was already under pressure. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted September 20, 2007 Report Share Posted September 20, 2007 Fears of dollar collapse as Saudis take fright Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East. The Saudi central bank said today that it would take "appropriate measures" to halt huge capital inflows into the country, but anal cysts say this policy is unsustainable and will inevitably lead to the collapse of the dollar peg. There is now a growing danger that global investors will start to shun the US bond markets. The latest US government data on foreign holdings released this week show a collapse in purchases of US bonds from $97bn to just $19bn in July, with outright net sales of US Treasuries. The danger is that this could now accelerate as the yield gap between the United States and the rest of the world narrows rapidly, leaving America starved of foreign capital flows needed to cover its current account deficit - expected to reach $850bn this year, or 6.5pc of GDP. Jim Rogers, the commodity king and former partner of George Soros, said the Federal Reserve was playing with fire by cutting rates so aggressively at a time when the dollar was already under pressure. 609148[/snapback] Sad but true on all counts. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted September 20, 2007 Report Share Posted September 20, 2007 I was looking to add SA but it was up in after hours so I guess it will gap up on open. Gonna try ABX at market to see if I can catch a reaction to the spot price. Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2007 Report Share Posted September 20, 2007 Good Morning! Welcome to Intraday Stool! Thanks to aussiebear for her daily opening! You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply. If you have questions about how to register and post, use the Help link in the menu bar at the top of the page. If you know others who might be interested in joining us, use the email to a friend link above the thread. Many tanks for joining us! Doc Try the Professional Edition risk free for thirty days. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information. Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $39 quarterly. Try it risk free for 30 days! Get this indispensable daily analysis and support the Stool! Link to comment Share on other sites More sharing options...
Geomean Posted September 20, 2007 Report Share Posted September 20, 2007 Economic calendar link http://biz.yahoo.com/c/e.html Link to comment Share on other sites More sharing options...
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