AUD/JPY…99.37 is the 50 day mvg avg. This level will act as a pivot.
This cross either holds right in here or it can break another 2 figures to 97.70 ish.

EUR/AUD…as long as this maintains above 126.75-127 we’re looking for much higher prices.

Spu’s…short term stops are 1569-70. A close below 1563 is needed for confirmation of a bigger correction.
On the upside, we’d like to see any rally fail around 1589.

DAX…needs two closes over 8000 for higher.

General Comments or Valuable Insight

45 minutes after the ECB rate announcement we’ll all stay tuned for the morning Mario show.
This when volatility should pick up.

Daily Game Plan…Trade of the Day

Buy the EUR/AUD cross on a retest of the weekly breakout @ 126.75 with a tight stop.

Short Term View…

Use the 4/30/13 closes for your short term pivots in everything!

Medium Term View…the qtrly update is out. This update is provided exclusively to current subscribers and will not be posted on our site until mid-June for general review.