Premium trade recommendations: 02 February 2012 (Review)
Closed out trades:
1. Short December 2012 dollars (first lot at 52.80 and second lot at 52.40) closed out at t/p of 51.70 (low of the day 51.65 on spot gains into 48.96)
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. Buy EUR/JPY in two lots at 99.80/99.30 with stop at 99.00 and t/p at 102.50
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 8.10%). 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. Sell Gold in two lots at 1760/1770 with stop at 1780 and t/p at 1730
3. Strategic investors can buy in three lots at 1730/1710/1690 with stop below 1680 for 1790
4. Long NYMEX crude average at 98.5 (current 97.70). Hold with stop below 97 and t/p at 101.5
5. Sell NYMEX crude in two lots at 102/103 with stop at 104 and t/p at 99.
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 5200/5150/5100 with stop below 5050 for short term objective at 5650 (risk of 100 points against reward of 500 points).
Good luck.................Moses Harding
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