ASX/DOW

  1. 17,482 Posts.
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    Im sure a lot of you have worked out what is going on in our ASX and the US DOW by now.

    IMO the US Fed via its allied banks are pushing up the DOW and other markets because they have recently said they are going to stop all forms of QE and will be selling of their Trillions and Trillions in US Government debt bonds and unwinding all its buying of shares and so called other investments.
    Im pretty sure this means Corporate bonds, Shares, derivatives, mortgage backed securities and property.

    The markets are being pumped up in preparation of the reaction from the rest of the market.

    Take a look at the ASX on any day recently and you will see the same sort of trading. It is up and down on opening before anybody can trade. IMO that the RBA via some allied trading houses and banks may well be involved.
    Somebody takes the AUD down as well when ever it strays over 80c/usd. Why wouldnt the RBA being instigating it, they were given 9billion dollars by Abbott and for what??

    The RBA says it wants the dollar around 75c. G.S. has also said that POG will not go beyond 1300 and if it does it wont stay there for long.

    These kind of statements imo are not predictions but explanations as to their trading strategy.

    Just my Opinion
 
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