Author Archives: Trade Advantage

NZDUSD Bearish Engulfing Hourly Chart Resistance: 0.8152 moderate/0.8170 strong/0.8193 moderate Support: 0.8129 minor/0.8111 minor The Bearish Engulfing in Hourly charts is a confirmation of the overall bearish trend. With a moderate resistance at, 0.8152 consider shorts from the said price with a stop loss above it. Alternatively stops could be placed above the pattern high. Immediate objective is 0.8129, break of which opens us to a sell-off to 0.8111.

Also among the shares expected to see active earnings-related trade in Tuesday’s session are those of Facebook, Broadcom, Juniper and Netflix.

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Stocks to Watch: Big earnings watch Tuesday: DuPont, 3M, UPS

FXstreet.com (Barcelona) – The USD/JPY has consolidated off its session highs, after breaching the 80.00 barrier during Asian trading earlier today. Having surrendered its early gains, the pair

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Forex: USD/JPY tumbles off session highs to 79.76

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Spain 3-Month Letras Auction up to 1.415% from 1.203%; 6-month: 2.023% from 2.213%

FXstreet.com (Barcelona) – Earlier in Europe, equities started the day on the front foot following Rajoy’s Peoples Party’s election victory on Sunday, however markets turned south following the

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Forex Flash: European tranquility and market reversals – Deutsche Bank

FXstreet.com (Barcelona) – The market kept the EUR/USD from further downside at 1.3020 low, after plunging by around 55 pips since early Asian session. The European morning is enabling a bouncing

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Forex: EUR/USD bounce fails after Spain auction

FXstreet.com (Barcelona) – According to Technical Strategist Dmytro Bondar at RBS, “The market traded in a range below its 200-day MA and broke the bear flag pattern on the yield

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Forex Flash: Spanish 10-year yields trades below 200-day MA – RBS

FXstreet.com (Barcelona) – The Asian session decline allowed a test of the 1.6000 psychological level on the London opening (1.5997 low), only to see the pair bounce back to 1.6015 area.

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Forex: GBP/USD tests 1.6000 and bounces

FXstreet.com (Barcelona) – According to the BTMU Research Team, “The most likely option for the October 30 BoJ Meeting is a further JPY10 trillion increase to the BoJ’s asset purchase

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Forex Flash: BoJ projected outcome October 30 – BTMU

FXstreet.com (Barcelona) – Spain held a bond auction on Tuesday during which it managed to sell 3.5 billion worth of 3- and 6-month government bonds at higher yields in case of the former and

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Decent demand at Spanish bond auction

FXstreet.com (Barcelona) – The greenback is playing strong against its counterparts today and is killing market attempts to retrace Tuesday’s movements. The GBP/USD had bounced to 1.6020 zone

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Forex: GBP/USD back to 1.6000

FXstreet.com (Barcelona) – Sentiment is reversing against the single currency, as the absence of catalysts to fuel further upside are now leaving investors succumbing to their doubts, wondering

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Euro gathering strength?

FXstreet.com (Barcelona) – The world remains a dour place, but no dourer than 
it has looked over recent months. According to FX Strategist Doug Steel at BNZ, “Importantly for markets, and

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Forex Flash: Improvement on horizon in US – BNZ

FXstreet.com (Barcelona) – According to Technical Market Strategist William Moore at RBS, “The GBP/USD looks heavy as of late, however it is worth noting the 1.5979 level that caught the

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Forex Flash: GBP/USD strategy profile – RBS

Review: No major interesting events yesterday. Generally yesterday was a quiet day in the financial markets, and in the FX market JPY weakened after yet another ‘dose’ of soft comments on the part of the Japanese minister of economic affairs. Moody’s downgraded five Spanish regions. Outside our ‘universe’, CAD weakened prior to today’s interest-rate meeting as recently the prospects of an interest-rate increase have been reduced markedly. Market sentiment: Investors are awaiting the economic

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Another quiet day ahead

USDJPY Morning Star (Doji) Hourly Chart Resistance: 80.19 moderate/80.45 minor/80.94 minor Support: 79.70 strong/79.45 moderate/78.96 minor USDJPY has a high credibility bullish pattern Morning Star (Doji) in Hourly charts. With prices just above a strong support 79.70, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 80.19 break of which open us to a run for 80.45 and a possible

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USDJPY Morning Star (Doji) Hourly Chart

FXstreet.com (Barcelona) – UK BBA Mortgage Approvals increased to 31.2K in September, from 30.5K registered in August, according to data released today by the British Bankers’ Association. This

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UK: BBA Mortgage Approvals rise to 31.2K in September, as expected

FXstreet.com (Barcelona) – Commerzbank analysts are slightly more biased to the upside, pointing to support at 1.3000/1.2995 on dips lower, ahead of key support at 1.2865/35 (200 day ma and

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Forex Flash: EUR/USD biased to the upside – Commerzbank

8:30am CAD Core Retail Sales m/m 8:30am CAD Retail Sales m/m 9:00am CAD BOC Rate Statement 9:00am CAD Overnight Rate 9:00am EUR Belgium NBB Business Climate 10:00am EUR Consumer Confidence 10:00am USD Richmond Manufacturing Index 3:00pm GBP BOE Gov King Speaks Statistics: Posted by Bon — Tue Oct 23, 2012 5:27 am

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Daily News Events • 23rd October

Resistance: 1.3052 strong/1.3090 moderate/1.3120 minor Support: 1.3022 moderate/1.2985 minor/1.2954 minor EURUSD is in a bear market with the low level bullish candlestick pattern Bullish Harami suggesting we look for a turn-around. Consider buys off the immediate support 1.3022, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 1.3022 while the immediate target is 1.3052, the Pivot Point. A close above 1.3052 will have us looking for a rally

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EURUSD Bullish Harami Hourly Chart