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IDS World Markets Fri 7th January 05


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#1

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Posted 06 January 2005 - 08:49 PM

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Ok we've got the inevitable 'Dover Sole' bounce happening today. Loosely translated that means back the truck up. All Ords +0.5% and all sector indices green. The good news is that Energy is way up in front +1.7% and Consumer Staples is dwindling away in the rear, +0.1%.

Golds are flat to down but we'll see what happens later in the day. Oils off and running with Caltex in the lead, +2%.

Over in Asia, Nikkers doing a dive after an up open and Sth Korea up, but having a rethink..

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http://quote.yahoo.com/m2?u

#2

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Posted 06 January 2005 - 08:52 PM

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http://money.cnn.com...s/morning_call/


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http://www.kitco.com/

#3

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Posted 06 January 2005 - 09:14 PM

Mexico's Foreign Debt Rating Raised by Moody's

Jan. 6 (Bloomberg) -- Mexico's debt rating was raised one level by Moody's Investors Service as the government's reduction in foreign debt made it less dependent on international capital markets.

Moody's said it raised Mexico's foreign debt rating to Baa1, the third-lowest investment-grade rating and the same level as Chile and Thailand, from Baa2.

Mexico, whose debt was rated junk as recently as 2000, has reduced its foreign debt by 14 percent to $92.3 billion over the past five years, replacing it with peso-denominated debt sold in the domestic market.

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Australian Retail Sales Rise Less-Than-Expected

Jan. 7 (Bloomberg) -- Australian retail sales in November rose less than economists expected as consumers reduced spending at department and clothing stores.

Retail sales increased 0.1 percent, the Australian Bureau of Statistics said in Sydney today, following a 1 percent decline in October.

Sales of food increased 0.5 percent and purchases of household goods gained 1.3 percent. Spending at department stores declined 1.6 percent in November and sales at clothing stores fell 0.8 percent.

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More bullhorning from the Land of the Setting Sun:

BOJ's Fukui Says Easing Will Continue Until Deflation Defeated

Jan. 6 (Bloomberg) -- Bank of Japan Governor Toshihiko Fukui said the central bank will keep pumping money into the world's second-largest economy until price increases are sustained.

While Japan's economy is forecast to expand at the fastest pace in four years in the fiscal year that ends March 31.........

Fukui said he's ``more optimistic'' about the Japanese recovery than he was a year ago and sees the current slowdown as ``a temporary pause.''

``Japan's economy has virtually regained health that it lost a decade and a half ago,'' ...

``The underlying trend of recovery remains intact,'' he said. The third-quarter slowdown was caused partly by a ``global soft patch'' that is ``already behind us.''

The country's recovery is ``on a much firmer footing'' than it was in two earlier revivals that didn't last.........


:blink:

#4

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Posted 07 January 2005 - 02:03 AM

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Today was all about a retest of the record closing high of 4060.7, 4th Jan. All Ords finished today at 4062.8 so it just poked through, could get interesting here... Percentage-wise the index closed +0.7% which is a fair rise. All the sector indices closed in the green with Energy still holding the lead, +2% and IT the least favoured, flat. Materials had a pretty good day, +1.1%.

Golds mixed. Oils on a run: Woodside, +2.6%.

Mega drop on Honkers, -2.1%! Still open though so things could change...

Seems like Oz one of the few with the bullz still gallivanting, let's see how Europe shapes up:

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http://quote.yahoo.com/m2?u

#5 fxfox

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Posted 07 January 2005 - 05:17 AM

I posted this New Zealand Dollar daily chart yest in M2M, if one went long at the line i would suggest to put stop at break even now, cause NZD is currently 0.7020.

Either use trailing stops now or specualte that USD will dive down after NFP release.

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'patriot' is formed with 'patria' and 'idiot'

#6

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Posted 07 January 2005 - 05:31 AM

Looks like it was an anal cyst property downgrade which sent Honkers south:

Adrian Ngan, BNP Paribas' head of research, yesterday lowered his recommendation on the city's property stocks to ``neutral'' from ``overweight,'' saying ``property prices have been too high and the yield has declined.''

Sun Hung Kai, Hong Kong's biggest developer by value, fell 2.7 percent to HK$71.25. Cheung Kong (Holdings) Ltd., the second largest, lost 2 percent to HK$72.50. Henderson Land Development Co., the third biggest, dropped 1.6 percent to HK$37.40.



http://www.bloomberg...zT6M&refer=asia

#7 The brown one

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Posted 07 January 2005 - 06:00 AM

G'morn to all.

Everyone on board in Amsterdam too.All the banks have broken out to the upside.
Technically not a cloud in the sky,finally the AEX is going to 365 and maybe higher.

But hark,what is this......the Amsterdam call/put indicator is going ding,ding,ding...
just like it did at recent tops! A good drop has followed this indicator hitting 2.
Now I wonder if it will work this time.

Disclaimer:This is not investment advice :rolleyes:

http://www.tostrams....ken/cpratio.gif

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#8 fxfox

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Posted 07 January 2005 - 06:01 AM

on the hourly dollar chart it looks like a reversal (dollar down), but the reaction after the NFP release will be key, we jsut have to wait.
'patriot' is formed with 'patria' and 'idiot'

#9

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Posted 07 January 2005 - 07:22 AM

German Factory Orders Drop

Jan. 7 (Bloomberg) -- Manufacturing orders in Germany, Europe's largest economy, declined the most in five months in November as the euro's gains against the dollar made exports more expensive and unemployment weighed on the domestic demand.

Orders fell 2.3 percent after gaining 1 percent in October, the Economy and Labor Ministry in Berlin said today. Economists expected factory orders to decline 0.5 percent, according to the median of 22 forecasts in a Bloomberg survey. Both foreign and domestic orders decreased, the report said.

#10 Charmin

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Posted 07 January 2005 - 07:59 AM

Doesn't look like Uncle DX is ready to jump yet but pulling back away from resistance around 83.50

Here's some pictures of the Tsunami destruction
http://homepage.mac..../tsunami/3.html
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#11 The brown one

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Posted 07 January 2005 - 08:27 AM

Impressively natural-looking market movement here today-NOT :rolleyes:

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#12 Charmin

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Posted 07 January 2005 - 08:35 AM

MXIM - SHORT
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#13 The brown one

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Posted 07 January 2005 - 08:41 AM

The US agrochemical giant Monsanto has agreed to pay a $1.5m (799,000) fine for bribing an Indonesian official.

Monsanto admitted one of its employees paid the senior official two years ago in a bid to avoid environmental impact studies being conducted on its cotton.

Monsanto faced both criminal and civil charges from the Department of Justice and the SEC.

"Companies cannot bribe their way into favourable treatment by foreign officials," said Christopher Wray, assistant US attorney general.


http://news.bbc.co.u...ess/4153635.stm

Story goes that the official took da moolah but failed to deliver.
Wasn't Botch on a promo tour for this club in 2001?

#14 The brown one

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Posted 07 January 2005 - 08:56 AM

Olland only got one real (small) biotech co. Crucell.
Good coin has been made..just need faith!

http://www.dft.nl/ko...62/crucell.html

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#15

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Posted 07 January 2005 - 08:56 AM

Here's some pictures of the Tsunami destruction
http://homepage.mac..../tsunami/3.html

<{POST_SNAPBACK}>


Amazing pics Charmin, thanks (I think) :o





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