AUTOREFRESH 
So what have we learned lately?
By Jamie Coleman || March 17, 2010 at 14:55 GMT
|| 10 comments || Add comment
- The market was really, really short of Cable…
- The Fed will stay easy for months to come while phasing out its special lending programs
- The Swiss have begun to follow the ECB and Fed in withdrawing some of its support measures, specifically forex intervention to maintain a weak franc
- The market is discounting a serious trade dispute between the US and China. Otherwise they wouldn’t be plowing headlong into AUD and CAD as elevated levels.
- Greece will be a back-burner issue until it becomes a front-burner issue again as they resume rolling over their debt at 300+ basis points over European benchmarks.
Will we see some profit taking in equities today like the one happening in gold and oil?
also the dollar shows resistance in the face of a dovish Fed
When you say market was very short cable, is that because you assume price increase is due to stop losses on short positions being triggered somewhat
Hi
clues about the eurusd?
EURUSD coming off of daily R1 pivot failure, now at daily pivot point finding some support. next major support at 1.3700/1.3690, which is weekly/monthly pivot point confluence zone, and also figure.
EURUSD chart: http://uploads.mibbit.com/AYGypP.jpg
johnny carr yes that is what he meant by the market being short cable. everyone scrambles through the floodgates/covers fast when that happens.
My 2c re: China, The Chinese understand politics and the importance of appeasing different regions. And we’ve been down this road before, ie the 2002 Bush steel tariffs just before W’s first mid-term elections… The Chinese didn’t freak out when we bombed their embassy in Serbia; they aren’t going to freak out now. They understand politics – and business: China and America are as interdependent as Germany and the rest of the EU. The Chinese are natural businesspeople and while some of their common sordid business practices makes them more like the Russians, French and Greeks, they are open to re-defining their long-term relationship with us. They just want to define things over a longer period of time than we are used to dealing in… Bottom line: there won’t be a trade war with China, but the CNBC type media will hype it and monetize whatever smoke there is as much as they can. Money has been pouring into China for quite some time now; and China has been corrupt as hell. They let the ‘little’ things go.
Working very closely with the Chinese here in Thailand i would agree exactly!
my view on the $ dollar for what it’s worth would be bears beware!
Steve, what makes you a dollar Bull?
More a Eur and GBP bear!
Reading thru China/USA relations….USA tried all this in the summer of 2007 too it appears, calling manipulation etc…….China just recently charged some key officials with corruption….it seems like a lot of “speculation” loans last year is going to be blamed on speculation.