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Market and Gold



2 Dec -3 Dec 2008

EUR/USD 1.2764 High 1.2566 Low 1.2704 Close
GBP/USD 1.5066 High 1.4782 Low 1.4874 Close
USD/JPY 93.79 High 92.67 Low 93.21 Close

2 Dec DJIA 8419.09 +270 +3.31%

3 mth USD LIBOR Close 2.21 Change -0.01 Monthly Change -0.82

Gold 785.55 High 763.35 Low Close 777.25

3 Dec 08 4:53 pm EJSTOXX 50 - 23

Dow Future -132

Oil 47.18 - 0.47

Gold 782

USD/JPY 93.01

Tonight the US market seems may not maintain uptrend. Both the USD/JPY and DOW Future cannot provide a positive hints. Besides, there is a lot of data release tonight.

17:00 EMU PMI Services
17:30 UK PMI Services
18:00 EMU Retail Sales
21.15 USA ADP Employment Change
23:00 USA ISM Non Manufacturing Composite
3:00 USA Fed's Beige Book


All this Economic Data may have impact on the US market. Thus aware if there is any short opportunity tonight : DXD, SDS, SKF . All this ETF provides very good day trade opportunity

For Gold, it remain on around 782. According the historic data, commodity usually in downtrend in the downward economic cycle. So be careful to see whether it is the same this time. If you have positive view on Gold price , you can try Etf : GLD, GDX, However there is no direct ETF for short Gold, but you can short it through basic material with SMN
Wish all this information can refresh your idea and setup good strategies in both short and long run.

Comments

Unknown said…
仍然相信金價長期看好, 在US700或以下逐注入金. 金有多重身份, 是全球通用貨幣, 是資金避難港, 是消費品, 也是商品.
December 3, 2008 at 7:01 PM
Unknown said…
謝國忠:

"2009年第一、二季度，全球經濟還會持續萎縮，到第三季度可能會停止萎縮。但是，停止萎縮與經濟恢復是不同的概念。經濟萎縮是有底的，從停止萎縮到恢復發展可能需要很長時間。"
December 3, 2008 at 7:02 PM
Unknown said…
油價:

丁世民(期貨分析員):
"油價支持位42 美元歐洲期貨交易所資深顧問丁世民認為，油價中期的支持位應為41.15至42.6 美元，月中油組開會前可能觸及此水平。北美及中美洲等地油田生產成本高達70 美元一桶，現已面臨倒閉，情况危急。若
油組再次減產但沒有俄羅斯等非油組成員國配合，預期效果不大。到明年初若歐美天氣較為寒冷，則可刺激石油需求，油價有望回升。"
December 3, 2008 at 7:12 PM
sparkle said…
When u review the trading cycle of Crude oil, you will find that it is started from Dec. Therefore I also agree to stock up crude oil ETF is DXO and OLO, besides buy share like CVX,BP,COP,XDM.
December 3, 2008 at 8:35 PM
Unknown said…
美股反彈應該完結啦! 昨晚雖然有升, 但put/call 比例有明顯增加, 同時VIX 都留在60以上.
December 4, 2008 at 12:56 PM
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