Whats the Buzz in the Market.??

Bernake is caught in between a hardplace for slowing growth and inflationary pressures.
What could be his next move?
If he Pause rates, it saves the economy, but lets inflation spiral upwards
If he Tighten rates, it hurts the economy, but lowers inflation.

Today market is awaiting data, for further comfirmation on the Signs.
And we feel today the NY Gold/Silver Market traders and Equity Traders, will analyze furthe Beige Book Details and the data, for further movements.


Gold Stays at the next resistance level.
Where 2 Hour - 100 Moving Average lies as well.

EUR/USD playing in ranges. However, Look to buy the dips with support in the 1.2670-1.2710 for a test of 1.2850.
Look for the Data as well.

USDCHF lower on massive dollar selling. Continue to sell the rallies or a break of 1.2350 for a 1.2240 target this week

Equity market awaits for the Data today, However, US Stocks did pushed higher, but in the last hour of trading were FLAT. Undecided, on the Beige Book.

US durables goods at 12.30 GMT and new home sales at 14.00 GMT in focus. Tomorrow’s US GDP and PCE also very important as the market looks for a trigger in either direction

Such datas are heavily important for Commodity traders. And Various reasons, And Analysis needs to be undertaken, for further movements.





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