After three day's of news drought today market are going to face important news like retail sales and initial jobless claims. Equities fell yesterday after budget deal sparks taper fears, S&P falls below 1800 stocks ended with steep losses, with the S&P 500 and Nasdaq posting their biggest drops in nearly five weeks, as investors find it more likely the Fed will decide to taper its bond buying policy next week following the congressional budget deal.Treasuries sold off, pushing the yield on the 10-year Treasury note up to 2.844%; crude oil futures gave back most of yesterday's gains, settling at $97.44 after U.S. gasoline inventories jumped far more than expected.
Following are trade calls for today,
Following are trade calls for today,
- Sell Eur/Usd at 1.3815 stop above 1.3870 target 1.3730
- Sell Gbp/Usd at 1.6380 stop above 1.6450 target 1.6295/1.6255
No comments:
Post a Comment