Author Archives: Trade Advantage

********** GBPJPY////////// JPY is remaining weak further for a few days from now , then GBPJPY will go up more

S&P 500 (Mar 13) INTRADAY Review Yesterday we had a bearish outlook as we expected the political risk in southern Europe to continue to weigh on risk assets throughout the US session. This proved to be the case as Rajoy’s corruption scandal and Berlusconi’s improving popularity ahead of the Italian election saw peripheral bond yields spike higher in the first Eurozone crisis scare for several months. Our strategy report went out with a short entry at 1506 which quickly became too

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The commodity was selling off heavily yesterday

Forecast for 6th February 2013 Topix March contract Topix beat edged towards the next target at 966 to continue the incredible run but came to a halt just below at 962 and took a tumble to test our initial target for profit taking at 939. We bounced off 936 and have reached 955 resistance. Above here we can retest 962 highs and if this is broken we have the 966 target to hit. However if we fail at resistance another sharp sell off could follow with 938/936 the target again. A break below here

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

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Review: Correction time EUR: Several EUR cross rates gave a sell signal yesterday. The divergences we have seen between EUR and the various asset classes are now about to be eliminated again. Hence there is every indication that a reasonable correction is taking place in the financial market. Why? In respect of Spain, there are concerns whether the Spanish Prime Minister has taken bribes or not. In respect of Italy, there are concerns about the outcome of the election. Also, it is being

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Correction time

Intra-Day Market Moving News and Views

EUROSTOXX 50 (Mar 13) INTRADAY Review Yesterday’s session entailed the first major correction of the year for equities. Having remained resilient throughout January in a persistent upward grind, the Eurostoxx simply fell apart, printing new lows for the year and closing the session with a loss of 3.46%. Other European indexes also bore the brunt of the selling pressure, with the DAX losing 2.60%, IBEX finishing down 3.77% and MIB closing the day in the red by 4.50%. The push lower in the

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The Bund started yesterday’s session

Forecast for 5th February 2013 FTSE China A50 Feb contract FTSE China A50 continued higher as expected, reaching our target of 9350/73 where we were predicted to run in to sellers. We did then top out at 9365 and head lower to 9195. Support today at 9179 but below here 9132/22 should hold the downside. However a break below 9065 could then target a very good buying opportunity at 8988/83.

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

S&P 500 (Mar 13) INTRADAY Review Bullish manufacturing and labour market data ensured that the S&P made its 100% record in 2013 with now five up weeks in a row. Although the headline Non-Farm Payrolls reading was a smidge under expectations it was the +120k upward revisions to December and November that triggered a positive reaction in risk assets. Adding to the positivity at 15.00GMT was the ISM Manufacturing data for the US coming in at a very strong 53.1 with bullish employment and

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The crude price action was extremely whippy on Friday

1minute with ForexSurvivor

Review: EURPLN has peaked this time around. Still favourable conditions in the equity market . And as appears from Today’s chart, SP500 continues to reach new highs. As stated several times in Market Drivers, we will in particular keep a close eye on the equity and commodity markets in the first six months of 2013 in order to capture investor sentiment. Today’s chart illustrates that the US equity market, specifically SP500, is hitting a strong line of resistance. This is the third time the

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We recommend investors to SELL EURPLN

EUROSTOXX 50 (Mar 13) INTRADAY Review Having commenced trading at last week’s lows on Friday morning, the Eurostoxx spent the rest of the session in a slow and progressive upward grind, which could most likely be attributed to short covering following persistent selling pressure throughout last week. The index closed the day on Friday with a gain of 0.63% but ended up losing 1.34% on the weekly basis. Our Friday’s entry short at 2,722 was not reached owing to the lack of upside momentum to

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The Bund gapped lower on Friday morning

Forecast for 4th February 2013 Spot Euro EURUSD burst through major long term resistance at 1.3479/91 and the 200 week moving average at 1.3529 last week, extending the 5 month uptrend and we have now hit our upper target of 1.3690 as hoped. We topped out just above at 1.3711 and a break above here this week then targets 1.3833/37. We could see the market cap here at this stage. Support today at 1.3555/1.3530 should hold the downside but a break finds very good support at 1.3465/55 and a

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

Forecast for 4th February 2013 Spot USDJPY The USDJPY experienced a 13 year bear market from 1998 to 2011 which saw prices bottom at 75.35. The first Fibonacci target for the bounce of the 13 year bear market is at 92.42 and we reached this target on Friday. The market is very overbought on weekly and daily charts and this really should have acted as strong resistance so it is a surprise that we shot through this level like it was not there. The unstoppable 4 month rally closed above 92.42 on

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Spot USDJPY, Nikkei, Topix, FTSE China A50, Hang Seng CE Index, Hang Seng, Kospi, Gasoil ICE, Natural Gas

DAILY AUD/USD OUTLOOK – 1.0420 03 Feb 2013 22:53GMT… Despite Fri’s resumption of aud’s erratic fall fm Jan’s near 4-month peak at 1.0599 to 1.0361, sub sequent bounce to 1.0425 in NY suggests consolidation with initial upside bias wud be seen but res at 1.0477 wud hold n yield decline.

S&P 500 (Mar 13) INTRADAY Review The S&P closed out its best month since October 2011 with a gain of 5.16% which also happens to be the best start to a year since 1997. Our neutral short strategy worked well again yesterday with a much better than expected Chicago PMI spiking the index up to test our short entry level at 1500. Earlier in the session equities had been sideways to lower in a hang over from Wednesday’s disappointing GDP data and the worse than expected Initial Jobless

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The US 10 year was pushing higher yesterday

Review: EUR goes it alone EURUSD: hit the 136 barrier. Stops executed. EUR goes it alone. Over the past two days, EURUSD has run its own course away from other asset classes. This indicates an increasing probability of a correction. Read more overleaf. Norway: Retail sales marginally positive. No major NOK movement. China: The official PMI fell to 50.4 (estimate: 51.0; last time: 50.6). The commodity market – which is typically affected by poor figures from China – has not reacted. The

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We recommend selling EURUSD