US Stock Markets have been
on a rise despite weakening employment & other Economic data out of the US
of late. Even the fact that weak employment may result in continued Quantitative Easing from the Fed has not provided the markets any reason to resort to Safe
Haven Gold and Silver investment till now. Contrarily, this month on month monetary stimulus
injections are proving to be a backbone of support to the stock market indices
to rise further. All Economic logic seems to have been thrown out by the market
participants & a bubble of a massive size seems to have been developed in
the form of stock markets & mind it – out of choice & a huge one at
that. The mega QE has triggered a huge rise in US Stock markets despite all
global as well as local conditions pointing in the opposite direction. Despite
of huge Easing from BoJ we have recommended Selling Usd/Jpy which today got
fill but Eur/Jpy and Dax both achieved target after strong gain in Euro.
Following are trade calls
for today,
- Sell Usd/Jpy at 99.80 stop above 100.70 target 97.10(this week )
- Buy Gold at 1549 stop below 1542 target 1572
- Sell Cad/Jpy at 98.30 stop above 99.10 target 97.30
For more info visit : www.cfb.ae
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