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Archive for August 9th, 2012

Trading Diary Aug 9, 2012…Iran Sanctions continues

August 9th, 2012

Shanghai Comp is up tonight over a very low posting of CPI that is giving them hope that future RRR cuts can be coming. Shanghai Futures are almost flat. With the China CPI data the aud/usd moved up and is at 1.0590. Eur/USD is about sideways at 1.2372 with the start of the European bond opening. Bank of Japan left rates the same. Later the EU monthly report comes out. In the US Session we get weekly claims and our 30 year auction which with the 10 year soft, we could really see a bad auction?? Hurricane Ernesto should finally do any damage if at all to the Gulf Rigs so we can get that totally out of the price of Oil.

August 2012