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Strategies & Market Trends : Mike's Big Adventure Trading Forum -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (1277)9/14/2006 8:46:27 AM
From: Square_Dealings  Read Replies (1) | Respond to of 1791
 
I am seeing the dollar in a large head and shoulders pattern (center at 120) hovering above a cliff at 80
stockcharts.com

I guess your triangle is down on that right shoulder

if it breaks 80 it projects to 40 .... which is why i think gold can go to 1000 and oil to 100 even in an economic downturn because the dollar value could fall so far

damn check out the last earnings reports on NXG and NTO , woa these little guys are making some $$$

m



To: nspolar who wrote (1277)9/15/2006 9:06:11 AM
From: Square_Dealings  Read Replies (1) | Respond to of 1791
 
Japan machine orders drop quells rate hike fears
Report reveals biggest monthly drop in 20 years; yen, stocks and bonds fall on news
September 11 2006

TOKYO (Reuters) -- Japan's machinery orders marked their biggest monthly drop in nearly 20 years in July, data showed Monday, scaling down expectations for an interest rate hike in the coming months and sending the yen, bond yields and stock prices lower.

Core private-sector machinery orders, a key gauge of corporate capital expenditures, fell 16.7 percent in July from June. The drop was the steepest since the government started compiling the data in April 1987.

Separate government data released earlier showed that Japan's economy grew at an annualized rate of 1.0 percent in the April-June quarter, slightly more than initially estimated.

The July machinery orders, well below a median forecast of a 5.3 percent decline, fueled market speculation that the Bank of Japan will not raise interest rates by the end of the year.

The data prompted the yield on the benchmark 10-year Japanese government bonds to tumble 5.5 basis points to 1.665 percent, approaching the 5-1/2-month low of 1.600 percent touched earlier in the month.