Author Archives: Trade Advantage

Review: The EU summit did not result in any major headlines – quite as expected.

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No major movements to be expected today

S&P 500 (Dec 12) INTRADAY Review Yesterday’s S&P strategy worked very well yesterday as we were looking to play the range with a long entry at 1452.25. The index dipped to test this area following the disappointing Jobless Claims numbers but this negativity was eventually offset by the better than expected Philadelphia Fed headline which turned positive for the first time since April

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S&P strategy worked very well yesterday

Date (GMT) Event Cons. Actual Previous Oct 19 12:30 Consumer Price Index – Core (MoM) 0.300 % 0.000 % 0.300 %

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CA: Consumer Price Index – Core (MoM): 0.000 %

Date (GMT) Event Cons. Actual Previous Oct 19 12:30 Consumer Price Index (MoM) 0.300 % 0.200 % 0.200 %

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CA: Consumer Price Index (MoM): 0.200 %

Date (GMT) Event Cons. Actual Previous Oct 19 12:30 Consumer Price Index (YoY) 1.300 % 1.200 % 1.200 % Read the official report from Statistics Canada News Forex: USD/CAD reaches 0.9900, 6-week high (FXstreet.com) Fri, Oct 19 2012, 12:54 GMT Canada: Inflation rose 1.2% YoY in September (FXstreet.com) Fri, Oct 19 2012, 12:33 GMT Canada: Sep Bank of Canada CPI Core (YoY) grows 1.3%; (MoM) up 0.2% (FXstreet.com) Fri, Oct 19 2012, 12:31 GMT Canada Sep Consumer Price Index (MoM) stays unchanged at 0.2%

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CA: Consumer Price Index (YoY): 1.200 %

Date (GMT) Event Cons. Actual Previous Oct 19 12:30 Bank of Canada Consumer Price Index Core (YoY) 1.500 % 1.300 % 1.600 %

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CA: Bank of Canada Consumer Price Index Core (YoY): 1.300 %

Date (GMT) Event Cons. Actual Previous Oct 19 12:30 Bank of Canada Consumer Price Index Core (MoM) 0.300 % 0.200 % 0.300 %

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CA: Bank of Canada Consumer Price Index Core (MoM): 0.200 %

Date (GMT) Event Cons. Actual Previous Oct 19 12:00 Mid-month Inflation 0.650 % 0.480 %

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BR: Mid-month Inflation: 0.650 %

Date (GMT) Event Cons. Actual Previous Oct 19 11:30 Bank Loan Growth 15.900 % 16.400 %

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IN: Bank Loan Growth: 15.900 %

Date (GMT) Event Cons. Actual Previous Oct 19 11:30 FX Reserves, USD 294.880 B $ 295.040 B $

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IN: FX Reserves, USD: 294.880 $

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USD/CHF Intraday

Resistance: 79.51 moderate/79.76 minor/80.06 minor Support: 79.21 strong/78.96 moderate/78.66 minor USDJPY is generally bullish with a high level bearish reversal pattern Three Inside Down in Hourly charts just above a strong support level at 79.21, the Pivot Point. Look to sell on a push under 79.21 with stop losses just above the Three Inside Down high. Our immediate objective is 78.96 break of which may see us dropping to 78.66

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USDJPY Three Inside Down Hourly Chart

8:30am CAD Core CPI m/m 8:30am CAD CPI m/m 10:00am USD Existing Home Sales Statistics: Posted by Bon — Fri Oct 19, 2012 5:47 am

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Daily News Events • 19th October

Resistance: 79.51 moderate/79.76 minor/80.06 minor Support: 79.21 strong/78.96 moderate/78.66 minor USDJPY is generally bullish with the Bearish Harami occurring near a strong support level at 79.21, the Pivot Point.

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USDJPY Bearish Harami Hourly Chart