Banks taking a hammering

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Jog On replied

26 November 2010, 15:14
Gold could be down on account of the RBA saying last night that they won't be changing the interest rate for the Aussie (AUD) for a good 6 months and the AUD has taken a bit of a shafting as a result. Gold is somewhat associated with the AUD as they are a major exporter of it.

Canada, although only the 16th largest exporter of oil in the word are the #1 exporter of oil to the US and have a similar relationship with oil as the Australians do with gold currency wise.

Haven't looked at oil today but is it up inline with the CAD?

The technicals look very interesting on AUD/CAD (short)

Last edited by Jog On; 26 November 2010, 16:25.
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Jog On replied

26 November 2010, 15:03
Originally posted by TimberWolf View Post

The dollar is doing well. Gold isn't doing much though.

According to Russia CAD is the new USD as far as safe haven currencies are concerned.

Short EUR/CAD could be tasty next week - will have to look at some charts of course
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DimPrawn replied

26 November 2010, 14:54
Originally posted by Jog On View Post

So short EUR again is it?

Maybe we'll get another fat finger day

That's what the bankers will be doing.
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TimberWolf replied

26 November 2010, 14:54
The dollar is doing well. Gold isn't doing much though.
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Jog On replied

26 November 2010, 14:53
So short EUR again is it?

Maybe we'll get another fat finger day
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TimberWolf replied

26 November 2010, 14:46
Bonus time.
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DimPrawn started a topic Banks taking a hammering

26 November 2010, 14:40
Banks taking a hammering

National Bank of Greece (ADR)

National Bank of Greece (ADR): NYSE:NBG quotes & news - Google Finance

Santander (ADR)

Banco Santander, S.A. (ADR): NYSE:STD quotes & news - Google Finance

RBS

Royal Bank of Scotland Group plc: LON:RBS quotes & news - Google Finance

etc.

Lets do the bail out again. It's just a jump to the left.....
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