Premium trades: 24 JANUARY 2012

Premium trade recommendations: 24 January 2012

Currency market

1.      Hold short April 2012 dollars at 51.60 (current 51.18). Add at 51.45 with stop at 51.60 and t/p at 50.95

2.      Buy January 2012 dollars in two lots at 50.00/49.85 with stop at 49.70 and t/p at 50.50

3.      Long EUR/USD at 1.2875 taken out at 1.2975. Buy again at 1.2975-1.2925 with stop below 1.2900 and t/p at 1.3075

4.      Sold EUR/USD at 1.3050 (current 1.3010). Hold with stop at 1.3100 and t/p at 1.2975

5.      Hold short USD/JPY at 77.25 (current 76.90) with stop at cost and t/p at 76.75

6.      Buy USD/JPY at 76.75-76.50 with stop at 76.25 and t/p at 77.25

Interest rate market

1.      Hold Long 10Y bond at 8.21% (current 8.17%) with stop at 8.22% and t/p at 8.05%. Strategic investors can buy in two lots at 8.20-8.21% and 8.24-8.25% with stop at 8.26%

2.      Sell 10Y bond in two lots at 8.05-8.04% and 8.01-8.0% with stop at 7.98% and t/p at 8.19%

3.      Hold 1Y OIS received at 8.05% (current 7.93%). Add at 8.10% with stop at 8.15% and t/p at 7.80%

4.      Hold 5Y OIS received at 7.30% (current 7.24%). Add at 7.35% with stop at 7.40% and t/p at 7.05%

Commodity market

1.      Short in NYMEX crude at 100.50 taken out at 97.90. Short again at 99.50 (high of 100.24). Hold with stop at 100.50 for 95.50

2.      Short in Gold average at 1670. Hold with stop at 1690 and t/p at 1635

Equity market

1.      Buy in two lots at 5000-4975 and 4925-4900 with stop below 4850 and t/p at 5300

2.      Strategic investors to hold first lot entry at 4550 with trail stop below 4850. Add second lot at 4925-4875 for near term objective at 5350.

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