It's amazing how the options volume gets so high when noone "should" know ahead of time that Dell is buying Perot Systems.
There's no way someone can tell me that this just "happens" and that no one knew anything ahead of time.
When I see things like this...I'm reminded constantly why I trade the forex market.
Sean Hyman
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Last edited by Sean Hyman; 09-22-2009 at 02:13 PM..
Total's CEO gives his thoughts on the price of Oil.
Sept. 22 (Bloomberg) -- Total SA Chief Executive Officer Christophe de Margerie said recent gains in oil prices reflect market anticipation of a supply shortfall within five years rather than current demand.
“If it was purely offer and demand, prices would be lower than the $60 we are seeing,” de Margerie said today in a Bloomberg Television interview in New York. “The market is anticipating in the long term there won’t be enough oil, some people would say speculating.”
We'll see if he's right.
Oil should break out of its daily chart "ascending triangle" soon and that will give me my direction.
Oil's direction will affect the CAD, particularly USD/CAD.
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Why does the IMF sell gold? Are they bearish on it? No, actually it has nothing to do with that.
They hold gold but it doesn't pay interest. So they need income periodically and that comes from selling some of their gold holdings. That's why they are selling.
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Sept. 24 (Bloomberg) -- The Group of 20 meeting starting today poses risks for further gains by commodity currencies, according to RBC Capital Markets.
“Beware also of any toughened stance from the authorities on tackling financial-market speculation on commodities and oil in particular,” Sue Trinh, a senior currency strategist in Sydney, wrote today in a report. “Further discussion on placing position limits on speculative positions could stop the current commodity-price rally in its tracks, with bearish consequences for commodity-leveraged currencies such as the Australian dollar and Canadian dollar.”
The euro may weaken as the G-20 starts, RBC also said.
“Following reports that France was worried about the euro’s strength yesterday, the euro may be on the defensive into the G-20,” Trinh wrote.
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Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
__________________
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
Kalvir, there is an MT5 in the works....when it's coming out though, we've not been told. So I'd venture to think that it's further off than we all think.
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Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
Kalvir, hope to see you posting more with us in the forums.
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Sept. 29 (Bloomberg) -- Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said he’s been buying longer maturity Treasuries in recent weeks as protection against deflation.
“There has been significant flattening on the long end of the curve,” Gross said in an interview from Newport Beach, California, with Bloomberg Radio. “This reflects the re- emergence of deflationary fears. The U.S. is at the center of de-levering as opposed to accelerating growth.”
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The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
__________________
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
__________________
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
__________________
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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