Currencies

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

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