Discussion in 'Trading' started by The Kin2, Jan 21, 2008.
Trading just opened in Asia. Do you think we'll see a comeback?
OH MY GOD
6:20 PM EST Australia stock market is down 3.12 %. Possibly central bankers all around the world are going to lower interest rates. Might be a good idea to monitor currency exchange rates and bond futures.
Right now US dollar exchange rate appears to be strenghening against Euro, Canadian Dollar, British Pound, Australian Dollar and New Zealand Dollar.
does it imply that US won't cut as much as the rest of the world?
New Zealand's NZX 50 Index, Asia's first market open for trading, slumped 3.8 percent in Wellington. Australia's S&P/ASX 200 Index dropped 3.1 percent to 5,409.10 at 10:08 a.m. in Sydney.
Japan's Nikkei 225 Stock Average futures plunged 3.2 percent to 12,895 in late trading in Singapore yesterday after India's market fell by the most in four years. Europe's Dow Jones Stoxx 600 Index sank 5.7 percent yesterday, pushing it into a bear market.
Might be a flight to quality. I don't know. Can't trust the news now. The behavior of prices tells us what is happening right now.
Yahoo Asian stock markets
Tokio Japan commodity exchange
Shanghai China Futures Exchange
Gold futures prices are down a little in
Tokyo and up a little in Shanghai, not much change as of 7:10 PM EST USA.
Futures took a complete 180 and fell 50 points
I am going to vomit, Nikkei -477.40 or 3.58%
Japanese and Australian Government notes and bonds rallying as of 19:23 8:23 PM EST USA. Consistent with both flight to quality and central bank intervention.
Separate names with a comma.