As we expected on our previous blogs banks and technology companies earning will be good after splendid mortgage reports and immense easing by Fed though it's not going to be long lasting as we show economic data started to frail which reverberate IMF downgrade on global growth ironically stocks market keep finding excuses to keep market soaring as liquidity is plentiful.
Gold recover modestly after hitting around 50% retracement yesterday in far east markets which may seems moreover as some profit bookings also Technically, the gold market entered bear market territory on Friday when it hit a 21-month low, just over 20% below the price peak of $1,888.70 hit in August of 2011, but the bulls and bears are still at it.
Our call for selling Eur/Usd and Nasdaq easily hit the stop loss on expectation of better earnings from GS and Yhoo.
Following are trade calls for today,
Gold recover modestly after hitting around 50% retracement yesterday in far east markets which may seems moreover as some profit bookings also Technically, the gold market entered bear market territory on Friday when it hit a 21-month low, just over 20% below the price peak of $1,888.70 hit in August of 2011, but the bulls and bears are still at it.
Our call for selling Eur/Usd and Nasdaq easily hit the stop loss on expectation of better earnings from GS and Yhoo.
Following are trade calls for today,
- Sell Usd/Jpy at 99.60 stop above 110.20 target 97.90
- Sell Usd/Cad at 1.0250 stop above 1.0300 target 1.0190
- Buy Gold at 1362 stop below 1320 target 1413/32
For more info visit : www.cfb.ae
No comments:
Post a Comment