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Oil $3.50 off lows, now up a buck

By   || May 20, 2011 at 17:22 GMT
|| 4 comments || Add comment

Algos are marching EUR/USD higher as a result…Now back to 1.4207.

Copper is on a tear along with gold today, up 1.75%. Gold is consolidating at $1512.75.

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4 Responses to “Oil $3.50 off lows, now up a buck”

  1. nutjob on May 20th, 2011 17:25 GMT

    Hmm… and AUD breaks 1.07.

  2. Bear on May 20th, 2011 17:35 GMT

    Oh dear kiwi aud goin nuts… here come these stocks…

  3. Annie on May 20th, 2011 17:43 GMT

    This is weird. The hedge funds only know how to sell the dollar and buy commodities

  4. nutjob on May 20th, 2011 18:30 GMT

    It’s not just the hedge funds, I generally sell the dollar an buy commodities too. For instance I just settled a trade downstairs: I went long milk (MLK) and sold USD. I got $3.25/gallon.

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