Thursday, April 29, 2010

Morning start..fkli firm 30-35 fcpo soft 2520-40

DJ +53. after the Federal Reserve said that economic activity is picking up, and that it will hold a key short-term interest rate steady for an extended period of time,that offset Europe -1% actions.


8.10 : DJ futs +7. Regional flat, weighing between DJ gains and Europe losses. NK clsd for holidays. Commodity mostly higher, recouping "overdone" losees. CO +2%. GOLD flat.

fkli : it looks like a firm tone, 30-35 again with intra-day buy start. mkt is unlikely to make neww moves, trap within yest's range, tryign to hold above 30.

fcpo : SO -1%. Another test for fcpo bulls after holding well near 2550s for the past 2-day amid weaker external. While dwward-bias seen, losses are likely to lmited near the mid range of 2500-2550.

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