EUR/USD
Trading near to resistance level, hopefully market continue to retrace, remain same view, only to pick short at key resistance level 1.3050.
Related Post: Weekly forecast (FX)
USD/JPY
Position open on USD/JPY.
Long 82.80 SL 82.50 TG 84.50
DJIA
2308 GMT [Dow Jones] WALL STREET: Stocks mixed, hurt by telecommunication companies as investors mulled the impact of the expected launch of Apple''s iPhone for Verizon and as worries mounted over the health of the euro-zone economy. Sprint Nextel fell 2.1% and AT&T shed 1.8% in the wake of confirmation over the weekend that Verizon Wireless will officially announce Tuesday that it will carry Apple''s iPhone, which initially had only been available on the AT&T network. Dupont fell 1.5%, after agreeing to acquire Denmark''s Danisco in a $6.3 billion deal. Investors said the market''s pullback was a natural reaction after its climb in the last quarter of 2010 stretched into last week. Portfolio managers also are waiting for earnings reports to revise their outlooks and see which sectors are poised to do well in the new year. "Earnings in the first half of the year should be pretty good. I''m concerned a little bit about the second half," said Richard Sherry, portfolio manager at Kayne Anderson Rudnick Investment Management. "Companies have been doing a good job of managing costs, but as we go through the year it will become more difficult," as investors watch to see which companies are exhibiting growth, he said. DJIA down 0.3%, Nasdaq +0.2%, Philly semicons +1.0%. (by: rebecca.howard@dowjones.com)
Link: Dow Jones NewsPlus
Gold
Gold is also trading upward and trading near our favourite resistance level, remember we favour 1382-85, and 1391-1400.
Related: Gold on 10-Jan-2011
Although we forecast market to retrace (go up), but don't you see that I do not trade Long?
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