Markets

Morning all, The following positions is what I personally believe will happen today in the markets. This is not invetsment advice as such and you should perform your own DD and analysis before entering any position

Oil - Market searching for direction at the moment, am waiting to see whether the channel breaks and we head towards $68 and lower or whether we go and break $73. Personally Im betting on the short side of this trade

GBPUSD - SHORT @ 1.662 from 13/8/09

Yen - Long against CAD, GBP and NZD

London Sugar No. 5 - I personally think 547 and below to be a decent place to enter this trade. The fundamentals of this market are based on the weather in India and Brazil. Once farmers obtain a better harvest we could see a big drop in this overly inflated commodity.

Bund - Bund showing remarkable resistance around the 120 mark any break of that region and it is time to start printing money. I persoanlly believe to see that we need better data out of the ECB and a real sign that the global recovery is on the way which should raise expectation of rates and yields.