Trading Nymph's Stock Trading Diary

Shanghai Comp is up tonight over the action the China Govt took to lower transaction fees to spur investments into the market but it is starting to look weaker, but Shanghai Futures are down somewhat across the board. With about an hour left of the China session, and the opening of the europe bond market, we have eur/usd at 1.2187 and AUD/USD at  1.0479. In the Europe session we have the Service PMI’S coming out, China’s actually beat estimates and is posted down below. But NFP and Obama talking about how mean Republicans are is the Dog and Pony Show for tomorrow. FWIW, NFP is made up of Surveys and is such a random thing to be given so much power..that being said, the Challenger Report imho is a better tell and it was rather unchanged..if NFP is rather dull we could have a lot of people hoping for QE or a better economy to second guess that. We will see.

July 2012