Daily Analysis and Trade calls

As unemployment soars in EU territory particularly in Spain and Greece Mr.Draghi has shown his willingness to do more if needed but question is what more he can do when Germany wanted him to increase interest rate??

At 27.2%, Spain is suffering the worst unemployment rate in modern history.

Spain is tied with Greece, and is worse than the approximately 25% unemployment rate that the U.S. saw during The Great Depression.

The causes, by now, are familiar — the end of a massive, bubble-fueled construction boom in 2008 led to spiraling unemployment and a deep recession, wreaking havoc on the Spanish economy.

And although the country managed to return to marginally positive economic growth in 2010 and 2011, it has since slipped back into recession, and the outlook isn't good.

Unlike the Spanish growth trajectory, the rise in Spanish unemployment since 2008 has been incredibly consistent. Each new statistical release bears the terrible news that more Spaniards have joined the ranks of the unemployed.

If situation doesn't improve in coming six months as Mr.Draghi told yesterday there will be wild protest across EU(read France, Spain and Greece).There are still ample of chances that EU might fragmented though it’s unlikely to happen any time soon as we are in still Central Bank easing period which is not going to be there for  indefinite time  and world will realize the illusion of  growth.

Yesterday our call for buying Eur/Usd was not positive though it didn't hit stop either however selling Dax was positive call but did not achieve target either we are expecting it to happen this week.

Following are trade calls for today,

• Sell Gold around 1469 stop above 1479 target  1455/48
• Sell Chf/Jpy around 106.10 stop above 107 target 104.90(with in 2-3 days)
• Buy June Crude Oil around 94.75 stop below 94.00 target around 96.10

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