RBA cut key interest rate by quarter percentage lowest since 2009 as domestic growth slowdown.Finance ministers and central bank governors of the Group of Seven (G7) will hold a conference call on Tuesday morning due to increasing turmoil in europe economy but silver lining on cloud is Germany
is sending strong signals that it would eventually be willing to lift
its objections to ideas such as common euro-zone bonds or mutual support
for European banks if other European governments were to agree to
transfer further powers to Europe.
Today market focus will be on,
Germany's PMI services, Factory orders, Canada's BOC interest rate decision ,US 's ISM NON manufacturing.
Today's Trade calls from Vipul Trivedi(Century Financial Brokers LLC),
Sell Eur/Usd at 2550 stop above 2600 target 2460
Sell Eur/Usd at 2550 stop above 2600 target 2460
Buy Usd/Chf at
9565 stop below 9528 target 9638
Sell gold at
1635 stop above 1645 target open
Sell Dow at
12145 stop above 12200 target 12054
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