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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (7914)	6/6/2007 4:49:19 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33421

why so, jon?

To: Jon Koplik who wrote (7914)	6/6/2007 7:01:28 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

I just see interest rates going up around the world. The Gold chart and the Natural Gas chart over the past several months both appear to be in very bullish formations. Look at the 10 year note yield over the past 2 years. It's been making higher lows and higher highs in yield for a couple of years now. this has been a very important week for The JPY. both against he USD and also several of the other crosses esp. the GBP/JPY an the Eur/JPY. I do think we will see a bigger Yen rally from here. And WOW has the CAD been a moon shot against every other currency the past 3 months. Very interesting to see the EUR sell off across the board today even with the ECB raising rates as expecting. I think the Morgan stanley Euro stock triple sell and concerns about movement out of EuroZone equities was the cause of that. It appears to me we are getting ready to another big rally in the YEN and a sell off in some of the hot carry trade currencies. If this currency scenerio heats up as I expect we will see another round of weakness in the global equity markets.