Tags ‘Eurostoxx’
August 4th, 2010
Greetings all! My name is Justin Diamond and I will be posting the market events each Wednesday.
The dollar sell off yesterday was short lived. We held a small support at 8059 and basically steamrolled higher all morning. Gold ripped higher as well off of recovery concerns. In my mind, something has to give here. With the dollar rallying, I have to believe that gold will come off at some point. I guess we will have to wait and see.
The U.S. treasuries got hit throughout the morning. That down move may have been triggered by a strong Canadian dollar as well as the Japanese yen getting a beat down. A move above 9778 in the Canadian dollar created more energy to the upside.
The stock markets continued its death grind higher with a positive ADP employment change and ISM.
Trades I am eyeing tomorrow……
Long US 30 yrs @ 12719
Long US 10 yrs @ 12314
Long S&P minis @ 1105
Long Eurostoxx @ 2757
