Monday, August 15, 2011

Morning srart...fkli firm 1483-85 fcpo firm 3030-40

DJ +1% on Fri on strong economic data and earnings, Plus, France and Germany leaders are to meet to discuss debt pblm. EU rebounv 3% Fri.

Regional +1%. Djfuts +60. Commodity firmer tone, near +1%. US$ weaker except to Yen. US 10-y bond still see strong demand. Yield drop to 2.27% dw -3%,

Fkli bounce tone, weekly buy if a closing above 1480 today. Upside target 1490.

Fcpo SO +1%. 3000 is safe, giving bulls incentive to push fcpo towards 3050. Major target is 3075-80 , short term resistance,

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