Archive

Archive for July 18th, 2012

Trading Diary July 18,2012….Iran Embargo Day 17

July 18th, 2012

Shanghai Comp was down for most of the day over talk about property regulations being kept on, yet there was a rally into the close which brought it back to a little green. Shanghai Futures were down a small bit..we are getting into the “Europe Vacation” slow down and I expect further weakness unless Ben B says QE for everyone tomorrow on his second day on the Hill. Funny Asia was so weak even though we rallied yesterday. API Oil inventory data did show lower inventory then EIA estimates yet WTI Oil 88.94 and Brent at 103.59. at 8 AUD/USD 1.03130 and Eur/USD at 1.2289 (where we left it) at the europe session. We get UK employment data tonight. We get Fed Beige Book today. VIX options today, imho I don’t know how VIX can fall much more down.

July 2012