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AROUND THE GROUNDS OVERNIGHT, THIS WEEK WRAP OF THE WEEK IN MARKETS WHO WON, WHO LOST AND WHO LOOKED STUPID THE GLOBAL ECONOMY AS WE ENTER 2014 A TECHNICAL OUTLOOK FOR THE S&P 500, THE USD DOLLAR, THE NIKKEI, YEN AND THE AUSSIE AND GOLD GLOBAL CAPITAL FLOW UPDATE A QUICK TOUR OF ASIAN DATA THIS WEEK KEY EVENTS IN THE WEEK AHEAD
21st Dec
16,255 1,820 6,607 15,870 2,085 5,265
21st Dec
1.3670 104.05 1.6332 0.8918 80.57
21st Dec
1,201.00 99.10 3.35 640.00 2.89%
THIS WEEK
NON-FARM PAYROLLS, ITS COMPLICATED
WINNERS
US dollar bears non farm payrolls need questioning Stock bulls reduced taper? European Periphery kidding right? Gold Bulls its not dead YET
AUD/USD
LOSERS
US dollar bulls Yen, Euro, Aussie? Growth Bulls what is really going on Global mining shares Eurozone economy what will it take for the ECB to do something?
0.45 0.4 0.35 0.3 0.25 0.2 0.15 0.1 0.05 0 Mar-03
Sep-05
Mar-08
Sep-10
Mar-13
Source: Bloomberg
www.GlobalFX.com.au
STUPID
DRAGHI EUROPE IS NOT SLIPPING INTO
JAPANESE STYLE RECESSION BECAUSE I SAY SO.
Jul-12
Sep-12 Nov-12
Jul-13
Sep-13 Nov-13
Jan-14
Jul-12
Sep-12 Nov-12
Jul-13
Sep-13 Nov-13
Jan-14
www.GlobalFX.com.au
www.GlobalFX.com.au
SO DO BOND RATES
TECHNICAL OUTLOOK
Right on support
0.45 0.4 AUDUSD MSCI Metals:World ratio 0.35 0.3 0.25 0.2 0.15 0.1 0.05 Jun-97 Dec-99 Jun-02 Dec-04 Jun-07 Dec-09 Jun-12
This is a ratio I used in 1999 to help me guess that the Aussie was headed under 50 cents
www.GlobalFX.com.au
AUSSIE DOLLAR
And then of course we need to note the fact that markets pushed to extreme levels, or near them
on the weekend, especially in FX as we have discussed already today.
Australia has unemployment later this week and European inflation tomorrow night might
clarify whether the EU is on the road to Tokyo.