Wednesday, 23 May 2012

Markets down on Greece worries


Greek former prime minister Lucas Papademos said that  preparations for the country's exit from the euro zone are being considered later on he clarified that no preparations underway in Greece for possibly exiting the Euro but by the time stocks and euro fell sharply.


All focus on today's EU summit.

UK's retail sales, bank of England mins and US new home sales, crude oil inventories.
Yesterday our call on selling gold was great  but selling dollar gone other way.

Today we are looking for,

Buy  Eur/Usd at 2625  stop below 2570  target open
Sell  Usd/Chf at 9545 stop 9585 target open
Buy  12430 stop below 12380 targe 12552

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