aussiebear Posted December 8, 2011 Report Posted December 8, 2011 Uncertainty prevails for the early openers: Kiwis -0.6%, Aussies -0.2%, Nikkers -0.1% and Sth Korea -0.3%. In Aussie sectors, Energy -1.4% is down the most with Telecomm +0.9% and Gold +0.8% at the other end.
aussiebear Posted December 8, 2011 Author Report Posted December 8, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted December 8, 2011 Author Report Posted December 8, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
DrStool Posted December 8, 2011 Report Posted December 8, 2011 Major Trend Bullish Confirmation a Bad Dream for Bears
Dharmaeye Posted December 8, 2011 Report Posted December 8, 2011 Hurst book out of print. However found PDF http://www.forexmt4.com/_MT4_Systems%20Documentation/J.M.%20Hurst%20-%20The%20Profit%20Magic%20of%20Stock%20Transaction%20Timing.pdf Actually bought this hard cover book in late 70's!
aussiebear Posted December 8, 2011 Author Report Posted December 8, 2011 Not a particularly inspiring day: All Ords finished -0.3% ranging from Gold +0.6% down to Energy -1.5%. All red in Asia: China -0.1%, Honkers -0.7%, India -2% and Nikkers -0.7%. On to UK/Europe:
Jetlag Posted December 8, 2011 Report Posted December 8, 2011 Thank you for attempting Jimi. The question has been bugging me for some time now. Ok here we go. 10 year yield closed at 2.017% http://stockcharts.c...id=p42457800234 TYH12 closed 2 129'31.0 (These are March 2012 10 year futures) TYZ11 futures (Dec 2011) are still being traded although thinly. The close for that one is 130'21.0. (This is just to confirm that time value is not it) I am looking at these through my tradestation. Both of these quotes produce yields of 2.4+% and higher. Quite a difference. RE:however, it may have to do with the value of the (bi-annual?) cash-coupon associated with the 10-year bonds. I will look into it. The funny thing is that I asked two people at work about this and neither could give me the answer. One was Pricing anal cyst and the other was Business anal cyst. I mean really? And I better not tell you where I work. p.s. I love it how Doc's software interprets word a n a l y s t. People in the finangling bidness just punch the numbers into bloomberg terminal's yield calculator that accounts for all the quirks and details of the security.
Jetlag Posted December 8, 2011 Report Posted December 8, 2011 "Q: What do these six numbers stand for -- 81, 100, 67, 121, 81, 84 -- and what don’t they have in common? A: According to the International Monetary Fund, those are the respective percentages of gross-debt-to-gross domestic product of the U.K., the U.S., Spain, Italy, France and Canada. But the U.K., the U.S. and Canada can each borrow for 10 years at a rate slightly above 2 percent. Spain, which has the lowest debt-to-GDP ratio of the bunch, is paying more than double that. And note that the U.S. and the U.K., in addition to having larger debt-to-GDP ratios than Spain, also have the largest total debts of any nation on the list. " "The run is exposing underlying deficiencies in the euro area and putting the periphery economies under enormous pressure, and that’s giving Germany and the European Central Bank the leverage they need to make changes to the currency union itself. " "From about 1997 to 2005, Italy and Spain were actually cutting their debt-to-GDP levels. But then the housing bubble popped, and so too did their growth." "Germans admit this. They’ve been the big winner in the euro. Their exports are cheaper than they have any right to be because their currency is cheaper than it is has any right to be. And that’s because weak economies like Greece, Italy, Portugal and Spain are using it. " "So while Germany’s exports are cheaper than they should be, those of southern Europe are more expensive. The euro is making those countries less competitive, and less able to grow. " "That’s why the situation is rightly understood as the European growth, institutions and debt crisis -- in that order. " http://www.bloomberg.com/news/2011-12-08/slow-growth-more-than-debt-is-key-to-euro-mess-commentary-by-ezra-klein.html
Jetlag Posted December 8, 2011 Report Posted December 8, 2011 2nd emergency rate cut in a row by the ECB "ECB policy makers meeting in Frankfurt lowered the benchmark interest rate by a quarter percentage point to 1 percent to match a record low, as expected by 55 of 58 economists in a Bloomberg News survey. They may also loosen collateral criteria to give banks greater access to cheap cash and offer longer-term loans, said three euro-area officials with knowledge of the deliberations. ECB President Mario Draghi holds a press conference at 2:30 p.m. " "Draghi said last week that the ECB’s goal is to maintain price stability “in either direction,” suggesting it would act as forcefully to prevent a significant undershooting of its 2 percent ceiling as it would to stop an overshooting. “This applies to both the setting of official interest rates and the implementation of non-standard measures,” he said. " http://www.bloomberg.com/news/2011-12-08/ecb-cuts-key-rate-to-1-may-dig-into-toolbox.html Let's see if market rates follow DAX and Euro jumping
DrStool Posted December 8, 2011 Report Posted December 8, 2011 Precious Metals Update and Price Projections 12/8/11
Lemur Posted December 8, 2011 Report Posted December 8, 2011 Some big shakeouts in audusd, eurusd , usdjpy and then reversals. Gota trade these things with wide stops.
Lemur Posted December 8, 2011 Report Posted December 8, 2011 Am short eurusd, audusd and long usdjpy. Faded the shakeout moves. Took some drawdown but not enough to spook me into making the wrong decision.
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