Thursday, 24 May 2012

Merkel rejects EuroBond

Merkel Rejected EU bond idea in yesterday's summit. Chinese flash PMI slides as growth slows. However stocks and gold recover on Hollande -Monti's statement.

Today market is looking forward for Germany's IFO,GDP and PMI.
 
From UK GDP and US durable goods, initial jobless claims. As well ECB's Draghi speech.

Yesterday's trade are still open but today we are looking for below trades,
 
Sell Usd/Chf at 9560 stop 9596 target 9484/27
Buy Aud/Usd at 9710  stop below 9666 target
Sell gold at 1565 stop above 1569 target 1551/43
Sell silver at 27.96 stop above 28.42 target 27.27
Buy Crude oil at 89.45 stop below 88.50 target 93.30  

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