FROM: PETER CRUZ DATE: 30th Sept., 2013 – Mon. Market Brief The USD/JPY is lower with concerns over the impact of a US government shutdown on economic activity driving investors to seek safe-haven currencies (like the yen). The federal government moved closer to a partial shutdown Sunday as Republican and Democratic lawmakers showed no signs of negotiating through a standoff over the implementation of President Barack Obama’s health law. On the data slate there’s China HSBC Manufacturing PMI; Japan Housing Starts; UK Net Consumer Credit; UK Mortgage Approvals; Euro-Zone CPI; US Chicago Purchasing Manager and US Gasoline and Diesel Fuel Update. BUY EUR @ 1.3495 OR BETTER – STOP @ 1.3430 – TARGET @ 1.3590 – no change BUY GBP @ 1.6130 OR BETTER – STOP @1.6075 - TARGET @ 1.6260 SELL USD/JPY @ 97.95 OR BETTER – STOP @ 98.50 – TARGET @ 97.10 SELL CL1113 @ 102.00 OR BETTER – STOP @ 103.10 - TARGET @ 100.65 BUY XAU @ 1340 OR BETTER – STOP @ 1390 - TARGET @ 1365 BUY XAG @ 21.80 OR BETTER – STOP @ 21.50 – TARGET @ 22.30 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, 30 Sep 2013 00:11:13 +0000
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