Friday, 6 December 2013

Trade for Today

Yesterday 's US GDP exceeded all expectations and given one more proof of growing strong economy and as usual market reacted other way as tapering looming  but #DJIA is still resisting THE GRAND support at 15810 and once it's broken we might see skyfall on stocks.The yield on 10-year Treasurys rose to 2.863% as prices fell, gold pulled back 1.2% after yesterday's surge to settle at $1,233.20, and WTI crude added 0.2% to $97.38.
Following are trade calls for today,

  • Sell Gbp/Usd at 1.6350 stop above 1.6400 target 1.6270
  • Buy Gold at 1218 stop below 1205 target 1234/open

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