Saturday, June 29, 2013

The Weekly Review: Rise of USD

USD continues to gain strength while the rest of the currencies falters. EUR/USD went down again after much rise while AUD/USD continues with its impressive fall. JPY crosses seem to be moving upwards while it bounces on support.

US Stocks

Dow Jones Index on the lines between rising and falling.

Catching pretty good profits if you were short and then long for Microsoft.

Singapore Stocks

Will STI continue or is another wave of fresh shorting coming?

Commodities

Gold's fall is as impressive as its rise as it has actually fallen from its high of $1900 to $1200. If you were to short gold on its high, you would have made a handsome profit. Too bad for the one who rushed to buy gold at $1400. Right now it has reached a support. So will it bounce back up? Time will tell.

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