William Albert Securities' view on Commodities 21 03 2011

It has been a very eventful 7 days. The Tuesdays sell off sparked of by the natural desasters in Japan, and to a lesser degree the closing of the stock markets in Bahrain, saw the currencies plummet most of the week. Blood however slowly returned to the limbs of the market as the efforts to contain the nuclear desasters seemed on track and the g7 agreed to support the yen.
The Cable saw a high of 1.6256, low of 1.59788 and closed for the week at 1.6222. The expected pivot for today lies around the 1.6183 area.

The Euro, sliding down most of the night saw a weekly low of 1.38557

short: audusd, cadjpy
long: usdjpy, gbpaud
pending: auscad, gbpusd, eurusd
Eleah Ake
Wealth Manager
William Albert Securities Limited

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