FX
FXDaily stanceComment
EURUSD 0/+May have seen temp base at 1.3910 area. Buy dips for a re-test of 1.4010. Stop below 1.3870.
USDJPY 0/-While holding below 90.35 chance we visit 89.40-50 else buy break of 90.50 for 91.50.
EURJPY 0/+Buy break abv 125.80 for a re-test of 126.90. Stop below 125.00.
GBPUSD 0/+Buy break of 1.6145 for a push through 1.62 for 1.6235. Stop below 1.6105.
AUDUSD0/+Buy dips to 0.8880 for a rebound back to 0.90, poss 0.9040. Stop below 0.8840.


FX Options
FX-Options Comment
EURUSD 1.40 strikes expiring today should keep spot pinned if we are in the vicinity. Vols higher
across the curve in Asia after last move down to under 1.3920.
USDJPY Vega continues to get paid along with other cross yen. Plenty of demand for 1Y ATMs as
well as risk reversals but front end likely to come off once spot stays above 9050.
AUDUSD Spot lows of 8890 resulted in a scramble for vols. Liquidity is thin and market is looking
increasingly nervous about getting short downside strikes.


Equities
Equities Daily stance Comment
DAX 0/- Sell on rallies towards 5540 targeting 5490. S/L above 5565.
FTSE 0/- Sell on rallies towards 5160 targeting 5100. S/L above 5190.
S&P500 0/- Sell on rallies towards 1084 targeting 1078. S/L above 1087.
NASDAQ100 0/-
DJIA 0/-


Futures

Commodities Daily Stance Comment
Gold 0/+ Sell at the break of 1073 and target 1055. Stop above 1086.
Silver 0 Sell at the break of 16.07 and target 15.80. Stop above 16.25.

Oil (CLH0) 0/+ Buy on dips towards 73.00 and target 75. Stop below 72.50.


Regards,
ActivoTrade Team.