Trading Nymph's Stock Trading Diary

Australia’s GDP missed estimates dragged down by household construction and a stronger Aussie Dollar. Talk of possible interest rate decrease at next meeting, Aud/usd at 1.0544. Shanghai Comp is going back and forth and could end up flat with banks and miners on the downside. Shanghai Futures are down across the board. With 2 hours of Asian session we have eur/usd at 1.3142 which is higher then our close level. The ADP number is 215K, if it misses in a big way we could get hopes of QE, a big beat could provide proof the recovery is here (well until all the autoworker start to get laid off again due to over production) and have a recovery rally, but everything points to inline so not a market mover imho. Greek PSI is still on my radar.

March 2012