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TREND ROOM Daily Market letter 7 May 2013

TREND ROOM Daily Market letter 7 May 2013

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Australian Dollar, Russell 2000, TBT, CREE
Australian Dollar, Russell 2000, TBT, CREE

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Categories:Types, Research
Published by: TREND ROOM Research & Trading Ltd. on May 07, 2013
Copyright:Attribution Non-commercial

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07/10/2013

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10/7/2011
TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgari
http://trendroom.wordpress.com e-mail:trendroom@gmail.com, mobile: +359 887 932 839
May 7, 2013
DAILY COMMENT
ECB slashes rates to new record low at 0.5%. Little surprise for us with currenteconomic environment. Contracting economies with extreme high unemploymentare very dangerous even for democracy in Europe. US markets had mixed day butoverall positive tone from last week remains. Nasdaq is at 12 year high (buy andhold dream
, but not our game !). Australian Dollar is under pressure breakingmajor support area as Australian economy having tough times due to slowdown inAsia and weak commodities prices. Macro theme: Asian Slowdown will persists fornear future and Australian and other dependent economies will feel the heat fromthat story.
CURRENCY MARKETS
Lower lows and lower highs
clearly downtrend here. Overall Large traders arenearly neutral last two weeks but I suspect that they are already short Australiandollar. Possible target for huge leg down is last year low as shown below. This tradepromise to be very profitable in my opinion.
 
10/7/2011
TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgari
http://trendroom.wordpress.com e-mail:trendroom@gmail.com, mobile: +359 887 932 839
May 7, 2013
BONDS
This short bonds ETF broke very strongly last week in a wake of better thanexpected employment figures from US. Counter trend is in play with possible targeton upside 200 DMA and next 64.50 area which was good support in March andApril. EMA 20&50 is bearish suggesting that rally maybe short lived here.
 
10/7/2011
TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgari
http://trendroom.wordpress.com e-mail:trendroom@gmail.com, mobile: +359 887 932 839
May 7, 2013
INDEXES
Small caps index is on fire making new high for the year. Overall TF systemscaught this trend back in December last year (EMA20&50). Indicators are stillbullish as well as MA systems. Long until proven wrong.

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