Wednesday, August 3, 2011

Expectations for Aug 4, 2011

FOREX: expect the dollar to lose ground tomorrow. € is trying to reach 4570 but that should be out of reach tomorrow: think more like 4400-4425. Ozzies will be shooting for 840; £ would like to get to 6550, but that may be more than it can manage tomorrow;  and $C will make a run at 9510.

STOCKS/BONDS: Stocks are likely to rally a bit and bonds are due for a drop. The 10yr would like to get below 126, and the 30yr would like to get to the 129'14-'16 zone. The emini will be looking for 1275 or so.

ENERGY: rallies in crude and natural gas are probable.

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