Author Archives: Trade Advantage

1minute with ForexSurvivor

Daily Forecast – 25th March 2013 Nymex WTI Light Crude May contract WTI Crude broke 93.47/54 resistance & is pushing through 93.95/94.05 & looking for 94.45 then tough resistance at 94.76/89. There is a good chance the market tops here after a 3 week rally. It should be worth attempting shorts therefore with a stop above 95.25. Support today is at 93.72/50 but below here risks a slide back to 92.82/70.

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Nymex WTI Light Crude, Brent Crude

Review: Cyprus agreement in place – relief rally Cyprus: The EU and Cyprus have reached an agreement. The agreement that will secure Cyprus EUR 10bn from the IMF and the EU is now in place. The final agreement is somewhat different from what many had expected. We assess that the agreement will trigger a small relief rally (which has already started). The question is, however, whether the agreement will also make investors forget the very negative economic indicators released in the EU last

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Cyprus agreement leads to "relief rally" – will this last for the rest of the week?

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Bund (Jun ‘13) Futures

19th March 2013 Some of the stock markets in Europe & the USA have seen enormous gains in the steady 4 year bull run that started in 2009. tock According to my calculations this equates to up to 133% for the S&P 500 125% for the German Dax 88% for the FTSE 100 The S&P 500 and FTSE 100 have in fact recorded gains of 11% in just over 2 months since 31st December, when the US reached a ‘fiscal cliff’ deal. These markets have had such a good run that we are closing in very quickly on

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Sell in May?

19th March 2013 Some of the stock markets in Europe & the USA have seen enormous gains in the steady 4 year bull run that started in 2009. tock According to my calculations this equates to up to 133% for the S&P 500 125% for the German Dax 88% for the FTSE 100 The S&P 500 and FTSE 100 have in fact recorded gains of 11% in just over 2 months since 31st December, when the US reached a ‘fiscal cliff’ deal. These markets have had such a good run that we are closing in very quickly on

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Sell in May?

WEEKLY EUR/YEN CROSS OUTLOOK – 123.40

WEEKLY EUR/YEN CROSS OUTLOOK – 123.40

Daily Forecast – 25th March 2013 Topix June contract Topix reversed from 1058 & broke support at 1044/43 but we did see the market bounce from1028/27 as expected. We have bounced to the 1043/44 level now & a push through 1048 could allow another test of1058 highs. We look for a high again here but shorts need a stop above 1060 for the next targetof 1068. Failure to get above 1044 sees a test of 1035/34 support. Failure here then sees us retestingstrong support at 1029/27 with the

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Topix, FTSE China A50, Hang Seng CE Index, Hang Seng, USDJPY, Kospi, Nikkei 225

Daily Forecast – 25th March 2013 Topix June contract Topix reversed from 1058 & broke support at 1044/43 but we did see the market bounce from1028/27 as expected. We have bounced to the 1043/44 level now & a push through 1048 could allow another test of1058 highs. We look for a high again here but shorts need a stop above 1060 for the next targetof 1068. Failure to get above 1044 sees a test of 1035/34 support. Failure here then sees us retestingstrong support at 1029/27 with the

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Topix, FTSE China A50, Hang Seng CE Index, Hang Seng, USDJPY, Kospi, Nikkei 225

1minute with ForexSurvivor

1minute with ForexSurvivor

Market Review In yesterday’s strategy we opted for the more risk averse option as price action has been so erratic so far this week due to extreme headline risk. We had a neutral short strategy for risk assets which was definitely the right approach but our main entry levels were not filled. Eurozone data got the session off to a bad start with French and German PMI numbers disappointing and as the US session wore on the Cypriot rumour mill hit full throttle with news that Popular bank had

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The downside was erratic with sporadic and not insignificant pull backs

Review: EU PMI’s were really poor. Cyprus is under pressure The EU: PMIs were bad and sent EUR down. The largest locomotives in the euro zone yesterday showed surprising signs of weakness. PMIs for France and Germany disappointed solidly in the service and industrial sector. German PMI industry landed at 48.9 (estimate: 50.5) and 51.6 for the service sector (estimate: 55.0). In France the figures were 43.9 (estimate: 44.2) and 41.9 (estimate: 44.2). Poor figures from Europe sent down EURUSD by

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Cyprus in focus IFO secondary

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Eurostoxx 50 (Jun‘13)