Friday, June 24, 2011

Week-end update


Bonds are still in bull mode across the maturity spectrum.

$A are sideways against USD, and seem to want to go down.

Euros could rally from here, but look to be a 10:1 favorite to go at least as far down as USD 1.35.

Sterling is in a bear swing against USD, as is $C.

ChF is the lone bull.

Crude still looks to be headed for the middle $80 range. 

An S&P close below 1230 should take it down to 1120 or lower.

Gold looks sickly.

Wheat has had the stuffing beat out of it for nearly two weeks.

The summary seems to be: USD up, (nearly) everything else down.

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