Monday, December 21, 2009

US equities

dow futures gaining and european / uk stocks gained. DJ30 climbing steadily in short-time frame testing 10309.52 resistance weaking the usd modestly.. However gold has failed to give much response to equities strength (ie usd carry correlation with equities not working). aud/usd has just briefly touched .8863 resistance I spoke of in previous post slowly climbing through resistance zone I defined but not above. should it go higher .8863 will be important support that has built up but failure to hold above 88.50 will keep the climb in check. The key question now is how strong will the equities rally be and how long will it last.

1 comment:

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