FTSE 6011
Dow 11676
Eurusd 13398
Ok firstly let me apologize for the brevity of this post.
Markets opened well today ftse up over 100 pts.
Trades:
long ftse at 6011 stop 5770 target 6400
duration 2-3 weeks
exit conditions: eurozone debt news takes prominence.
Although this is unlikely with earnings set to come out
and beat estimates in my opinion.
What I'm looking for:
seems the dollar will be sold as traders long the
dow, looking for eurusd to break above 13500 for
confirmation. Cable at 15600 pending performance today
may be looking for 16000.
Yield curve: will be looking for the curve to steepen as inflation
expectations rise, while short end up to 2yr yields to move up less
as supported by fed buying.
Usd/jpy may be a good technical long to support a short
eur/usd position.
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