Trading Nymph's Stock Trading Diary

Tonight the Bank of Korea and Brazil Cut Rates. Bank of Korea hasn’t cut in the last three years. Bank of Japan finished their Rate Meeting and they didn’t really give that much, they didn’t ease, but keeping asset purchases. USD/JPY at 79.32 at the start of the Europe Session. Iraq has past Iran tonight as the 2nd Oil Produce in the Middle East. Australia missed in the unemployments numbers . Asia didn’t rally on all of these easings, this sell off was in high volume. Yet, Shanghai Comp closed up, but that was a rally into the close leading into the China GDP data tomorrow (raised eyebrow, does someone knows something?). Shanghai Futures are flat. Brent Oil is still playing that 100 support at 99.62…TODAY IS A KEY MOMENT, we need to see Brent drop away from 100 and SPX to break clean of 1342. Start of the Europe Session we have the eur/usd down to 1.2223 and aud/usd at 1.0160.

July 2012