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Short Term Trading Weekend Lounge: 11-13 Oct, page-55

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18/10/19

05:26

Post #: 40943096
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Originally posted by Diver Dan ↑

Go NZ! Yeah bugs that fed funds futures dip makes sense too. Friday's rth action was somewhat influenced when the Fed came through with its plan to purchase short term Treasury bills through 2020 in response to the declining deposit reserves effect on overnight rate stability. It may not be QE and may not boost stocks but it's not a sharp stick in the eye either as it calms some nerves. It was a bit hard to spot given the overall action and did not keep daytime gains aloft so one has to be cautious no matter what happens this week

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True, true, but with 3 gaps below, could also be the giant sucker, err, sucking sound..

XAO Value at posting: 6,791.5
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0 Great analysis

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