Tuesday, 22 May 2012

Stimulus hope push market up

Markets were bit positive on monday and today morning on china and US will come up with stimulus/easing policy.
Mean while markets are waiting for wednesday's EU summit ( Euro bonds will be on agenda ).
Facebook stock tanked  more than 11% on sentiment that copmany is overvalued.


Today we are looking forward for
Retail sales and CPI from UK and Existing home sales from US.

Trade calls for today,

Buy Gbp/Usd at 5805 stop below 5730 target 5908
Buy Eur/Usd at 2760  stop below 2720  target 2830
Sell Usd/Chf at 9415 stop above 9450 target 9355
Buy Aud/Usd at 9860 stop below 9810 target 9930/60
Sell gold at 1591/93 stop above 1598 target 1584/74
Buy Oil at 92.40 stop below 91.50 target 93.50/94.20
Buy Dowjones 12455 stop below 12380 target 12552

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