Monday, 14 May 2012

China cut reserve repo rate third time in six months with 50( bps ) to boost economy ,Greece heading to new election after leftist reject coalition talks


No major economic news today, All eyes on greece.
Friday's call 
Selling Usd/Cad 9960 ,
Buying Gold at 1573.50 and silver at 28.60
Selling Oil at 96.55 were highly successful trades all target met.

Today we are looking forward for below trades :
Sell Gbp/Usd 6110/25 stop above 6180 target 6030 or Buy at 1.6000 stop below 5950 target open
Sell Eur/Usd at 2925 stop above 2970 target 2800
Buy Aud/Usd at 0.9950 stop below 0.9885 target open
Buy  Usd/Cad at 0.9970 stop below 0.9930 target 1.0050
Buy Gold/Usd at 1570.00 stop below 1563 target 1586/1592
Buy Silver at 28.60 stop below 28.00 target open
Sell oil at 96.85 stop above 97.30 target 95.60 or Buy at 95.30 stop below 94.90 target 96.50

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