Premium trades for 16 JAN 2012

Premium trade recommendations: 16 January 2012

Currency market:

1.     Completed one round of 50 pip trade in March 2012 dollars (sold at 52.75 and bought at 52.25). Now, sell March 2012 dollars at 52.75-53.00 (stop at 53.25) and buy March 2012 dollars at 52.25-52.00 (stop at 51.75)

2.     Sell EUR/USD in two lots at 1.2750/1.2825 with stop at 1.2850 and t/p at 1.2475

3.     Sell USD/JPY at 77.25-77.50 with stop at 77.75

4.     Buy USD/JPY in two lots at 76.50-76.25 and 75.75-75.50 with stop at 75.25

Interest rate market:

1.     Sell 10Y bond at 8.14-8.11% with stop at 8.09% and t/p at 8.24%

2.     Buy 10Y bond at 8.26-8.29% with stop at 8.31% and t/p at 8.16%

3.     Hold to 1Y OIS received at 7.90% for t/p at 7.75%

4.     Pay 1Y OIS at 7.75-7.65% while continuing to receive at 7.90-8.0%

5.     Hold to 5Y OIS received at 7.20% for t/p at 7.0%

6.     Pay 5Y OIS at 7.0-6.90% while continuing to receive at 7.20-7.30%

7.     Hold on to 12M FX Premium received at 5.50-5.65% for t/p at 5.15-5.0%

Commodity market:

1.     Completed one round of 4 dollar trade in NYMEX crude (sold at 103 and bought at 99). Now, sell in two lots at 100.50/102.50 (with stop at 103) for 95.50-93.50

2.     Sell Gold in two lots at 1660/1680 (with stop above 1690)

3.     Buy Gold in two lots at 1620/1600 (with stop below 1590)

Equity market:

1.     Sell NIFTY in two lots at 4875-4900 and 4950-4975 with stop above 5000 for 4700-4650

2.     Strategic investors to buy in two lots at 4650-4625 and 4550-4525 with stop below 4500 for 4950-5000

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