Monday, January 23, 2012

EUR/USD trade

EUR/USD long at 1.2875 covered at 1.2975 (for 100 pips). Now buy dips into 1.2950-1.2900 with stop below 1.2875 and t/p at 1.3050.

Jan/Dec FX premium down at 206. Watch S/Dec to hold at 257; hence t/p for Jan/Dec at 252.(for our received book at 273)

NYMEX crude reversed nicely after giving t/p at 77.90 (now at 98.75). Should fail ahead of 100.

Gold is just short of next sell at 1680 (high 1677). Should lose steam for correction to 1650-1630

USD/JPY is not having enough momentum to take out 77.25-77.35 resistance zone and now looks good to move into set t/p at 76.60 (for our short at 77.25)

April 2012 USD/INR has seen low of 51.15; just short of t/p at 51.00 for our shorts at 51.60.

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



Moses

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