Wednesday, December 15, 2010

Morning start...fkli firm 1510-12 fcpo soft 3670-80

DJ +50. strong retail sales, Fed keeps R% at zeron, continuing with its QE2 bond buying plan. Europe +0.4%.

8.10 : DJ futs -7. regional flat. Commodity flat too. US$ firmer.

fkli : looks like another defensive day, unless fbm can break 1512. otherwise fkli is looking under 1510. lucky for bulls is mkt stays 1510-15 range.

fcpo : SO +0.1%. profit take activties seen dominating, targeting 3640-50 range. fcpo needs to keep its head above 3720 to reverse yesterday's effect

No comments:

Post a Comment