Daily Analysis and Trade calls

  It's astonishing to see how stocks holding high no the name of expected great earnings after regular weak economic data from US as well China though data very well reflect on commodities like Crude oil and Copper.All Eyes on Budget Deal  markets have been facing an enduring economic uncertainty caused by the deadlock which may finally ease out. It may not be an accident that Democrats finally joined Republicans in producing Budget blueprints this year which paved the way for President Obama to propose a more moderate and realistic plan that would cut entitlement spending and raise revenue. Both sides profess to be appalled by this, which is also good. Obama’s plan will be more politically palatable for reasonable Republicans if some Democrats refuse to vote for it. Both houses of Congress passed measures that would have withheld lawmakers’ pay if they didn’t pass a budget resolution this year—an acknowledgment that their constituents are getting pretty tired of the status quo. The Sequester compromise was an unprecedented moment in American politics. Democrats and Republicans had got together & allowed it to be enacted, though both felt the budget cuts were not right. The change in the Social Security consumer price index already proposed by Obama is modest and rational. The wealthy will probably have to pay more for entitlements—and receive fewer personal tax loopholes. US markets have reached the point where some sort of deal is necessary to restore the public, the business community and the world’s faith that the U.S. government can, occasionally, take significant action.Although last weeks our call to Sell Usd/Jpy and Cad/Jpy were one of most successful calls,

Following are trade calls for today,

• Sell Dax(German 30) at 7805 stop above 7850 target 7730/7670
• Sell Eur/Aud at 1.2550 stop above 1.2590 target 1.2480

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