2014年1月24日星期五

This week phew!

This week is very exciting and the gold, Aussi, yen and eur。

Most importantly is the market returns to its vitality esp for US dollar index, it is a very strong index and indicator for the forex policy for US. Last week all the non-US currencies pairs just depreciate a lot  against the USD.

This week, the mixed data yesterday, the unemployment claims which is under expectation of the estimated and the most interestingly is that the gold market suddenly doesn't know where to go! Since the data is so close to the last release. Then other data come to help, esp after the release of flash manufacturing PMI and Existing Home Sales, the gold rose to six-week high. This is a very good news and I just long gold with small position in the news trading moment.

On the other hand, I think the stock market will mirror everything in the market, like yesterday, the Dow Jones and S&P just down and VIX index has rose a new short record high. The US stock market just wobbling in the high position, it is very normal that the retraction from a high level.

To be mentioned is the Copper and Zine futures, since at the same time the PMI for China has  been down to  51.3 (HSBC)




US Dollar Index due to the policy of the country, it will not rise too sharply right now.



Now the gold has been break the bound but it needs to be confirmed at this moment. So I will wait and see. And I will attempt to short Aussi again due to the performance of the Copper and Zinc futures. And long a little bit of yen. But now I can't see the clear direction of EUR and GBP, the Europe is just a mess.

As for US stock, I will short at this time. And China's stock as for sure the bank will come to rescue.
The market begins to rock n' roll , let's wait and see!!!

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