Currency Market Commentary – 2010.09.02
02 September 2010
The September Swiss should continue to remain strong, but a pullback towards today's lows should be considered before entering the long side.
02 September 2010
The September Swiss should continue to remain strong, but a pullback towards today's lows should be considered before entering the long side.
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02 September 2010
The ultimate arbiter of the trend is still likely to be US Non farm payrolls on Friday and not the numbers today but some traders think the better than expected US numbers yesterday, set the market up to absorb weak US payroll readings Friday.
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02 September 2010
We can't rule an attempt to extend the rise on the charts today, as the market was caught leaning the wrong direction and anything positive from the numbers probably sparks additional short covering buying action.
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01 September 2010
The market looks vulnerable to more fund trader long liquidation selling over the near-term.
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01 September 2010
For now, the market is overbought and vulnerable to fund long liquidation selling.
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31 August 2010
The gold trade continues to waffle between support off the uncertainty in the global economy, and concerns of spiraling deflation.
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30 August 2010
Crop weather remains worrisome in a number of key growing areas around the world, not the least of which is still Russia which needs more rain in order to have a successful launch of its winter grain crops in the next few weeks.
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30 August 2010
Yield forecasts will become increasingly important.
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30 August 2010
December corn pushed higher overnight, moving through the high set on January 12th following a very bearish Quarterly Grain Stocks report.
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27 August 2010
Without better than expected GDP readings the bear camp might be able to regain control.
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