Wednesday, August 10, 2011

Morning start...fkli strong 1470-80 fcpo firm 2950+

All reobund. DJ +400 despite Fed dw beat outloook on US economy. EU +2%. Commodity +2%. US$ weaker.

Regional +2%. GOLD remains at record lvl. CO +2%

Fkli firmer tone near 1480 in initial trades, with chance of seeing 1520. Dwside seen limited at 1450.

FCPO SO +1%. a relief for bulls but fcpo is unlikely to escape bears grip. Above 2935 is intra day +ve tone.

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