After super surprise of tapering by Mr.Bernanke Gold moved as expected but equities move was kind off surprising and amazingly it's trading and keep marching towards new highs and the major reason behind that Fed's decision to trim just $10 billion per month is viewed as a rather modest taper, and one that keeps the Fed very much in the asset-buying game and "Tapering is a sign of improving economic growth and a significant step towards the normalization of interest rates." .
Following are trade calls for today,
Following are trade calls for today,
- Sell Gbp/Usd at 1.6365/70 stop above 1.6440 target 1.6280/85
- Sell FTSE at 6590 stop above 6630 target 6530
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