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Eying opportunities to sell EUR/USD, GBP/USD and to buy USD/JPY
The weakness in the oil price has been a concern for a while but perhaps only now is it beginning to bite on equities. As oil price fall to multi-year lows, the S&P 500 has had its biggest one day decline since October. With 13% of the index weighted in energy plays, a fall of 0.7% has brought the S&P down to 2061 and now close to a test of the first band of support between 2040/2050. This negative outlook has fed through to Asian trading too as markets have also suffered, with the Nikkei 0.7% lower also not helped as the yen has continued to strengthen overnight. Interestingly though the Chinese stock market ... (full story)
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- Dec 9, 2014 10:31am Dec 9, 2014 10:31am
- mikeytag
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- ZebraSquirl
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Fireworks are fun ... as long as you don't blow your fingers off.
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- laszlo-1
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- ZebraSquirl
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 299 Comments
Fireworks are fun ... as long as you don't blow your fingers off.