FROM: AMIR DARSHAN DATE: 19th Aug.,, 2013 – Mon. Market Brief The USD was slightly stronger against most major currencies as widespread speculation continued in financial markets about whether the Fed will use its meeting next month to announce a winding down of its bond-buying program. Indicators published Friday were somewhat disappointing, with a key gauge of consumer confidence falling short of expectations. But investors also were focusing on the unexpectedly large drop in the number of people filing for unemployment benefits reported Thursday, which fuelled expectations the Fed will follow through with a tapering of its bond-buying in September. Stocks declined with the Dow falling 0-2% and the Nasdaq shedding 0-1%. The Treasury bond market took another heavy beating, sending benchmark yields to the highest level in more than two years. December Comex gold rose $10.10 to settle at $1,371 a troy ounce. BUY EUR @ 1.3340 OR BETTER – STOP @ 1.3280 – TARGET @ 1.3410 – no change IN CASE OF STOP LOSS OF EUR SELL BELOW 1.3270 STOP 1.3315 TARGET 1.3207-1.3190 BUY GBP @ 1.5610 OR BETTER – STOP @1.5565 – TARGET @ 1.5740 – no change SELL USD/JPY @ 97.65 OR BETTER – STOP @ 98.25 – TARGET @ 96.65 – no change BUY XAU(GOLD) @ 1378 OR BETTER – STOP @ 1365 – TARGET @ 1415 2ND BUYING (GOLD)1360 STOP 1347 TARGET 1399 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, 19 Aug 2013 07:08:50 +0000
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