Wednesday, June 13, 2007

Bond Yields Driving The Market..

US bond yields hit a 5 year high, thus sending euro to its fresh 2 month low against the dollar. We have US advance retail sales data tonight, which is anticipated to rebound, probably adding more salt to the euro's wound. Whatever it is, the clear direction for the time being is DOWN!!
Pivot Points:
R2 = 1.3388
R1 = 1.3344
PP = 1.3320
S1 = 1.3276
S2 = 1.3252
S3 = 1.3208
Trading ideas: buy 1.3275, 1.3290, sell 1.3320, 1.3345

No comments: