Trading Diary July 11, 2012….Day 10 of Iran Embargo
July 11th, 2012
German Court says it could take months, not weeks for that ESM injunction ruling. For the Shanghai Comp, it had a hard time in trying to get out of the red even with China Govt talking about possible stimulus in the future. It closed a little to the Green. Shanghai Futures closed slightly down. Their GDP data is on Friday. Going into the europe session we have eur/usd holding 1.2267 and aud/usd at 1.0229 which is strong. German CPI and Bond auction and our Trade data could move things around..but FOMC minutes is the most interesting piece of data, wonder how on board the twist actually was? API data showed we had less then a drop in Oil Inventory then estimates.




