.... I love feeder cattle
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Trading For Those Who Have A Day Job 28 replies
Trading For Those Who Have A Day Job 0 replies
DislikedI think cotton is set to go higher based upon daily & monthly. Possibly retest recent highs. {image} {image}Ignored
Disliked{quote} the yen will sell off against the USD if there's an equity rally, which there will probably be if/when there's a break in the DC logjam. I'd bet we see U/J >100 pretty quick in the latter case. (FXY shows yen strength, or the inverse of U/J.) {image}Ignored
Disliked{quote} I want to be bullish too on UJ as I think Abe wants to keep pushing Yen lower but longer-term I'm concerned the US$ could take a hit unless they start doing something about the enormous & fast-growing debt. China is already cutting deals with other countries so they don't have to buy US dollars to make purchases of commodities from other countries. I think this is the beginning of the end of the US$ serving as the reserve currency which would be pretty bearish for US$. I should probably just trade the chart & not be influenced by the news...Ignored
Disliked{quote} the yen will sell off against the USD if there's an equity rally, which there will probably be if/when there's a break in the DC logjam. I'd bet we see U/J >100 pretty quick in the latter case. (FXY shows yen strength, or the inverse of U/J.) {image}Ignored
Disliked{quote} I want to be bullish too on UJ as I think Abe wants to keep pushing Yen lower but longer-term I'm concerned the US$ could take a hit unless they start doing something about the enormous & fast-growing debt. China is already cutting deals with other countries so they don't have to buy US dollars to make purchases of commodities from other countries. I think this is the beginning of the end of the US$ serving as the reserve currency which would be pretty bearish for US$. I should probably just trade the chart & not be influenced by the news...Ignored
DislikedIranian oil. http://www.reuters.com/article/2013/...0I50UW20131015 "Oil prices could fall around $10 per barrel if Iran resumes full exports, analysts say." I have been hearing about this some: different opinions - most think Iranian oil sanctions will be lifted sooner or later, as that is the juiciest bargaining chip they have (lift sanctions, we cooperate with international nuke regulation) - and when that happens, an additional 1-2 MM bbl/day would hit the market, lowering Brent by $10/bbl. Many say this is...Ignored
Disliked{quote} IMHO $ index has broken the long-term bull trend sometimes early september. Now is bottoming. IMHO, I feel the current bull movement as a retracement till $ tests again the previous bull trend-line. According to how it reacts to the trendline then is when $ will be really bull or bear. Just my thoughtsIgnored
DislikedWe have a deal!!!!!!!!! Ceiling raised to support spending for another 4 months. Government open for 2.5 months. No reason to celebrate really but I think the markets may now go into the Xmas rally mode Olu {image}Ignored