Premium trades: 03 FEB 2012

Premium trade recommendations: 03 February 2012

Closed out trades:

1.       Long NYMEX Crude entered at 98.50 stopped out at 97.00

Currency market

1.       Buy February 2012 dollars in two lots at 49.15/49.00 with stop below 48.85 and t/p at 49.65

2.       Sell April 2012 dollars in two lots at 50.25/50.40 with stop at 50.50 and t/p at 49.80

3.       Sell EUR/USD in two lots at 1.3325/1.3375 with stop above 1.3400

4.       Buy EUR/USD in two lots at 1.3025/1.2975 with stop below 1.2950

5.       Hold on to long EUR/JPY entered at 99.80 (current 100). Add at 99.30 with stop below 99.00 and t/p at 101.30

6.       Hold on to long USD/JPY entered at 76.00 (current 76.15). Add at 75.50 with stop below 75.25 and t/p at 78.25

Interest rate market

1.       Received 1Y OIS average at 8.08% (current 8.09%). Add at 8.15% with stop at 8.20% and t/p at 7.95%

2.       Received 5Y OIS average at 7.33% (current at 7.30%). Add at 7.38% with stop at 7.41% and t/p at 7.20%

3.       Buy 10Y bond in two lots at 8.20-8.21% and 8.23-8.24% with stop at 8.26% and t/p at 8.06%

4.       Sell 10Y bond in two lots at 8.05-8.04% and 8.02-8.01% with stop at 7.99% and t/p at 8.19%

Commodity market

1.       Buy Gold in two lots at 1730/1720 with stop at 1710 and t/p at 1760 (narrow miss; low of 1732 followed by spike into 1750)

2.       Short Gold at 1960 (current 1756). Add at 1770 with stop at 1780 and t/p at 1730

3.       Strategic investors can buy Gold in three lots at 1730/1710/1690 with stop below 1680 for 1790

4.       Sell NYMEX crude in two lots at 98.5/99.5 with stop at 100.5 and t/p at 93.5.

Equity market

1.       Buy NIFTY in two lots at 5225/5175 with stop at 5150 and t/p at 5350

2.       Strategic investors to buy in 3 lots at 5225/5150/5075 with stop below 5000 for short term objective at 5650

Good luck.................Moses Harding