Wednesday, 10 March 2010

Well not much to do

Its been pretty hard to find anything worthwhile committing capital to these past few days. Ma´s are getting chopped to pieces with little, if not, no sign of indicators across the various time frames aligning any time soon. Fundamentals are also playing a part, as is the usual end of Japanese fiancial year Yen flows.

Will China continue to reign in monetary policy? YES. Are the Greeks out of trouble? NO. Are the rest of the Eurozone PIGS out of trouble? NO. Is the UK out of the financial woods yet? NO. Will the US continue to be able to fund its ballooning deficits? YES.

OK well we know where the risks lie..Not that I am a Dollar Bull..I just cannot see any fundamental change in things right here.

Both the Aussie and Canada look over stretched versus the Dollar with perhaps another cent to go. Crude, Gold and Silver continue to trade in a narrow  upwardly biased range as do the US stock indicies, also supporting the likes  of  the Aussie et al.

Thats kind of it... If I see anything inspiring to trade on I will let you all know ASAP.

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