Pascal
08-09-2012, 12:38 PM
I updated the Futures/ETF sections. This is now done several times during the trading day.
The most impressive is the continued selling of the US$ and buying of CND/AUD.
This must be linked to the surge in commodities/oil on expectation of more easing down the road.
Only gold is kept under control!
You might have noted that most coal related stocks are up 5%.
This is after ANR posted a cute $10 loss per share yesterday (on "extraordinary" asset valuation write down), with a conference call highlighting the fact that coal prices remain soft.
However, today we had a surge in Nat Gas prices, while will pull demand for coal, which is relatively becoming cheaper for electricity generation.
Pascal
15452
15453
The most impressive is the continued selling of the US$ and buying of CND/AUD.
This must be linked to the surge in commodities/oil on expectation of more easing down the road.
Only gold is kept under control!
You might have noted that most coal related stocks are up 5%.
This is after ANR posted a cute $10 loss per share yesterday (on "extraordinary" asset valuation write down), with a conference call highlighting the fact that coal prices remain soft.
However, today we had a surge in Nat Gas prices, while will pull demand for coal, which is relatively becoming cheaper for electricity generation.
Pascal
15452
15453