Author Archives: Trade Advantage

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Review: G7 made a clear announcement. Buy ’hey’, why did the markets react unexpectedly? The G7 announcement was misunderstood… and then again. Politicians through that their G7 announcement about currency was clear. And so it was! But it was hot air! This was the reason why the markets did not react as politicians had expected and the reason why a message that the G7 announcement was misunderstood was released – but it was not! The fact is (despite the subsequent message) that you cannot

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Will the Riksbanken make a surprise?

Resistance: 1.0341 moderate/1.0378 minor/1.0436 minor Support: 1.0284 strong/1.0247 moderate/1.0190 minor AUDUSD is generally bullish though prices are just under a moderate resistance at 1.0341. With Hammer a low level bullish pattern it would be best to get a confirming candlestick before taking action. Consider buys on a close above 1.0341, stop loss ideally should be under 1.0284 though the pattern low may also be used for a stop. Immediate target is 1.0378 break of which could see a push

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AUDUSD Hammer Hourly Chart

Forecast for 13th February 2013 Spot Euro EURUSD beat 1.3415/20 resistance to hit the next target at 1.3473. We did see a top exactly here as predicted but if we push higher today look for 1.3518, possibly 1.3564 to exit longs and sell in to shorts with a stop above 1.3580. Support at 1.3420/15 but below here look for 1.3375 then the week’s low at 1.3325. We still have very good support at 1.3310/1.3290 and the chance of a low for the week if tested.

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Spot Euro, Eurostoxx, E-Mini S&P, XAU Spot Gold, DJIA, Dax , FTSE 100

Resistance: 1.3436 moderate/1.3467 minor/1.3506 minor Support: 1.3396 strong/1.3366 moderate/1.3326 minor Market is generally bullish with EURUSD just under a moderate resistance at 1.3436. With a high level bullish candlestick pattern, Morning Star (Doji) in 4-Hour charts, look for a break of 1.3436 and consider buys with 1.3467 as the immediate objective possibly on to 1.3506. A stop loss should be established below the pattern low. Learn more about the chart patterns and how to recognize

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EURUSD Morning Star (Doji) 4-Hour Chart

Forecast for 13th February 2013 Hang Seng Feb contract Hang Seng Futures could start to recover now to resistance at 23242/298 & a push through here is possible for 23415/448 as the next target. This is coupled with the 9 & 21 day Moving Average at 23500 but if we manage a push higher we should close the gap to 23620/639 with a good chance of a high for the day here. Recent lows in the 23116- 23081 band should offer good support today. A break of 23000 however targets 22873/22818 &

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Hang Seng, Kospi, Nikkei, Topix, FTSE China A50, Hang Seng CE

S&P 500 (Mar 13) INTRADAY Review We expected a quiet session yesterday and that is exactly what the market served up. Our neutral-long strategy was very tight in order to reflect the likely lack of price action and it was our entry level and first profit target that defined the range for the US session. 1511 was strong support as well as the pivot level and this provided resolute support following a bearish cash open before the market slowly turned and chugged higher hitting our first

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There was a small downward trend in play yesterday morning

Forecast for 12th February 2013 E-Mini S&P March contract S&P edged higher through 1515 reaching 1517. A push through here takes us towards 1521 later in the week and eventually 1527. Good support at 1510/09 today but below here look for 1507/06, possibly 1504/03 which should hold a slide today. However 1500 should be a good buying opportunity with stop below 1494.

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E-Mini S&P, Dax, Eurostoxx, FTSE 100

Investment case We recommend buying GBP via a short-term UK corporate bond. Expected return in the 12-month term – about 8.5-10%. We expect that EURGBP will reach 83-84 within the coming month. For the 12-month term, we expect that GBPDKK will again reach 81-82. The recommendation is a mix of an FX recommendation and a corporate bond recommendation. It is expected that the currency will deliver most of the return, but on the other hand, it is also associated with a higher degree of uncertainty

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BUY GBP Corporate Bond

Investment case We recommend buying GBP via a short-term UK corporate bond. Expected return in the 12-month term – about 8.5-10%. We expect that EURGBP will reach 83-84 within the coming month. For the 12-month term, we expect that GBPDKK will again reach 81-82. The recommendation is a mix of an FX recommendation and a corporate bond recommendation. It is expected that the currency will deliver most of the return, but on the other hand, it is also associated with a higher degree of uncertainty

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BUY GBP Corporate Bond

Review: Quiet Monday – no major news. Focus comment: The interest rate meeting of the Riksbank may go either way. Analysts disagree about the outcome of tomorrow’s interest-rate meeting of the Riksbank. Now an increasing number of analysts are, however, anticipating an unchanged rate (which we expect). Yesterday, the money market reckoned with about 25% probability of an interest-rate cut being announced tomorrow and 60% probability of an interest rate cut in April at the latest. We think (see

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Focus on tomorrow’s meeting at the Riksbank

Review: Quiet Monday – no major news. Focus comment: The interest rate meeting of the Riksbank may go either way. Analysts disagree about the outcome of tomorrow’s interest-rate meeting of the Riksbank. Now an increasing number of analysts are, however, anticipating an unchanged rate (which we expect). Yesterday, the money market reckoned with about 25% probability of an interest-rate cut being announced tomorrow and 60% probability of an interest rate cut in April at the latest. We think (see

Originally posted here:
Focus on tomorrow’s meeting at the Riksbank