FROM: PETER CRUZ DATE: 10th Mar., 2014 – Mon. Market Brief The USD gained against most regional currencies following above-view US job report Friday. A sharp decline in Chinese exports last month has sent stocks sliding Monday. February has marked the smallest surplus of the year – or deficit – every year in China since data began in the 1990s. Every year for the last decade, the February dip in exports – and imports – below trend has been followed by a surge back to well-above-trends results in March. There is no reason to think this year will be different. On the data slate there’s Switzerland Real Retail Sales; Euro-Zone Sentix Investor Confidence and US Philadelphia Fed’s Plosser Speech. SELL EUR @ 1.3910 OR BETTER - STOP @ 1.4000 – TARGET @ 1.3775 SELL GBP @ 1.6730 OR BETTER – STOP @1.6810 - TARGET @ 1.6610 BUY USD/JPY @ 103.00 OR BETTER – STOP @ 102.40 – TARGET @ 104.00 SELL CL0414 @ 102.50 OR BETTER – STOP @ 103.20 - TARET @ 100.80 SELL XAU @ 1340 OR BETTER – STOP @ 1352 - TARGET @ 1325 SELL XAG @ 21.00 OR BETTER – STOP @ 21.50 – TARGET @ 20.00 GOOD LUCK AND HAPPY TRADING PLS. NOTE: 1. ALWAYS REMEMBER TO PUT STOPS WHENEVER YOU TRADE, MARKETS ARE VERY VOLATILE. 2. THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS AND IT IS NOT FOR EVERYONE.
Posted on: Mon, 10 Mar 2014 04:01:31 +0000
Trending Topics
Recently Viewed Topics
© 2015