[aussiebear]

A sign inside a restaurant in Beijing, promoting sales of local produce.

[aussiebear]

Closed














http://finance.yahoo.com/intlindices

[aussiebear]

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










http://www.kitco.com




http://www.kitconet....ase_metals.html

Energy futures

[aussiebear]

An action day. All Ords is +1.3% with IT leading, +2.7% followed by Energy +2.4% and Gold +2.2%. No red sectors but Healthcare is up the least, +0.1%.

[swordfish]

Phat
do you see anything at 19.09.2009 and 22.12.2009? Is there chance for "hiperbole to the upside"?

@all
Correction at the beg of Oct or Nov, then strong close at the end of the year. EUR and other european currencies make 8-year high at february. USDJPY hit 78.

possible?

[aussiebear]

Okaaay, $$ were flying today. All Ords finished +1.5% led by Energy +2.4%, Utilities +2.1% and Financials and Gold both +2%. Telecomms was the only red, dipping a minor -0.1%.

Asia isn't that keen: China -1.5%, Honkers -0.4%, India -0.3% and Nikkers is closed for a holiday.


On to UK/Europe:

Footsie




DAX




CAC 40

[swordfish]

Dear Doc,
in your pro. reports you put info about falling taxes. I have one question. My bro lives in Chicago, he has a company. He said to my yesterday that becasue he is self employed he play taxes "in advance". Currently he pays taxes for spring 2010 - something like that. If that is true, so maybe current (september 09) reveues from taxes are low, because it were collected at march or february 09 when we had an epicentre of crisis?

in other words it will be better?

[aussiebear]

New Zealand Emerges From Recession, Currency Rises

Sept. 23 (Bloomberg) -- New Zealand emerged from its worst recession in three decades, unexpectedly expanding for the first time in six quarters on rising consumer spending and exports of logs and dairy products. The nation’s currency surged.

Gross domestic product increased 0.1 percent in the three months to June 30 following a 0.8 percent drop in the first quarter, Statistics New Zealand said in Wellington today. The median estimate in a Bloomberg survey of 12 economists was for a 0.2 percent contraction.

[aussiebear]

World Bank Approves India Projects Worth $4.3 Billion

Sept. 23 (Bloomberg) -- The World Bank said it approved loans to India totaling $4.3 billion to finance infrastructure projects and to support the government’s economic stimulus.

The loans include $2 billion to boost the capital of state banks and maintain credit growth, and $2.2 billion to help improve India’s roads, ports and power supply, the Washington- based bank said yesterday in an e-mailed statement.

[swordfish]

http://www.bloomberg...id=aYAccJqiqJmI

EU Calls for European Banking, Securities Regulators (Update1)

Quote

Sept. 23 (Bloomberg) -- The European Union proposed banking, securities and risk monitoring agencies with sweeping powers to centralize financial regulation throughout the 27- nation region.

European Supervisory Authorities will develop common standards under a proposal by the European Commission in Brussels today. A European Systemic Risk Board will monitor the financial system and give member states early warnings on possible threats to the banking system.
[...]
The plans follow recommendations laid out by former French central banker Jacques de Larosiere in a report published in February aimed at finding a way to harmonize financial supervision in Europe. The report advised a two-tier approach to regulation, suggesting the creation of a systemic risk board and three authorities.

“This European system can also inspire a global one and we will argue for that in Pittsburgh,” Barroso said.

The draft regulation gives the European authorities the power to intervene in decisions taken by national regulators where necessary. The three authorities will have investigatory and law-enforcement powers and the ability to request information directly from financial institutions. They will also serve as an arbitrator between national regulators where there is a dispute and enforce decisions.

Groups of European regulators called the commission’s plan to develop a single rule book applicable to all financial institutions “ambitious.”

“We share the Commission’s objectives to enhance financial architecture in the EU in an ambitious way, upgrading the quality and consistency of supervision, reinforcing the oversight of cross-border groups,” the Committee of European Securities Regulators and the Committee of European Banking Supervisors said in a joint statement.

The proposals now go to the European Parliament and the 27 EU member states for their consideration and approval. The EU aims to have the package in place next year.

[Rationalize]

Got saggy European?

[Rationalize]

How 'bout tired looking December tin foil?

[rdkyote]

Rationalize, on Sep 23 2009, 07:59 AM, said:

How 'bout tired looking December tin foil?
20090923B.PNG

just curious, what is the significance of the upper/lower ribbons? Are those EMA ribbons?

[Rationalize]

rdkyote, on Sep 23 2009, 10:18 PM, said:

just curious, what is the significance of the upper/lower ribbons? Are those EMA ribbons?

Yeah, EMA ribbons. I don't trade with them. In fact their signals scare the bejesus out of me.. Butt, that look kinda pretty, no?

What's their significance to me? Assthetics only.

[Lemur]

Rationalize - Hows that automated scalping strategy coming along for you. The one with the 90% win rate, 85% break even point.