TREND ROOM RESEARCH AND TRADING Ltd. Sofia, Bulgaria
http://trendroom.wordpress.com e-mail:firstname.lastname@example.org, mobile: +359 887 932 839
May 7, 2013
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.
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.