Trading Nymph's Stock Trading Diary

Hong Kong, Australia, Europe are closed tonight for Easter Monday. China’s CPI came in above estimates at 3.6%, estimate was 3.5%, yes we are under their key 4.0% but imho no rate cuts this year. Well right now the eur/usd is trading RIGHT at the point it was at on Thursday at 1.3063, on Friday after the miss on the NFP data the eur/usd rallied up high to over 1.3111, but all the gains have been given back. AUD/USD is selling off and is at 1.0286 with one hour of the Asian Session left. USD/JPY is weaker also at 81.45, remember the BoJ meets tomorrow and we could get easing out of them. We have to remember that the NFP is just a lot of phone survey work and there are huge revisions month to month sometimes, so IMHO, the market pricing in QE3 over just NFP data for one month before possible revision is rather silly, but that is just me. Shanghai Comp is down over CPI data and our NFP data, Shanghai Futures down too. That Japan/China Meeting for IMF money was all talk no action/Money for the IMF this weekend. No major econ data today…well, besides N Korea playing with Missles.

April 2012