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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Friday, June 4, 2010

EURO/USD was halted just above 1.2000, And subsequent SELL DOWN of Equity/Futures due to Disappointing NFP report

I am quite SPOT-ON  on  the ECB Intervention to defend the 1.2000 level in my earlier posting., The bottom level at 1.2015 was touched and well protected after the release of the US NFP report at 12:30 GMT. The pair shall be trading within a close range of  + - 50 pips for a certain length of time from now on.

In view of the disappointing NFP data,,  coupling with imminent Hungarian huge debt problems, in addition to the  ECB Intervention ,, WE  Traders are switching  playground IMMEDIATELY after release of NFP, and SELL  DOWN  ALL  MAJOR FUTURES AND INDEX-LINKS STOCKS, to make a Big  KILL ........


You can see the M1 chart below and see how the 1.2000 level is protected during the NFP release:

HAPPY TRADING TO ALL ...


Latest Update: GMT 15:30, US PACIFIC 08:30


Our SELL DOWN targets on the FUTURES  are almost reached and the spot status are as follows:-


FTSE    -1.9%
DAX      -2.1%
CAC     -2.8%
S &P    -2.2%
DJ        -2.3%


I would close my Future positions  gradually  and  have an early day off  for a short holiday in the weekend.
Time now to sign off : GMT 15:32






Bye ..

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