Author Archives: Trade Advantage

Review: Strong ISM figure announced in the US. The US: The delay of the fiscal cliff in the US has over the past 24 hours been the main theme in the financial market. The agreement secures some quiet for a month or two. As the agreement is ‘merely’ a temporary solution, the problems will surface again before the end of February. The problems will then be intensified as at the same time the US hits the debt ceiling. The last time the US raised its maximum debt level, there were strong

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Will equities support EURUSD?

EUROSTOXX 50 (Mar 13) INTRADAY Review The Eurostoxx opened 55 prices above last Friday’s close yesterday, starting the new year on the front foot and surpassing the highs of last year by 30 prices. The index finished the day with a gain of 3.44%. We preferred to approach trading the markets with a degree of caution yesterday in light of inconclusive developments on the US political front and our yesterday’s entry long at 2,652 proved too conservative for the bullish market conditions that

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The Eurostoxx opened 55 prices above last Friday’s close yesterday

S&P 500 (Mar 13) INTRADAY Review It has been a fairly wild period between Christmas and New Year for the S&P index as the Fiscal Cliff rollercoaster reached the end of its ride. Monday 31st December saw the S&P reverse the losses of the previous week in a rally that totalled approximately 40 points as the Senate worked through the night in order to pass a tax hike bill in a last ditch attempt to avoid the cliff. This was then backed up by the House of Representatives voting through

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Crude markets have remained fairly resilient to the Fiscal cliff roller-coaster

Review: Agreement in place in the US The US: Finally the agreement was reached in the US securing postponement of the so-called fiscal cliff. The agreement secures some quiet in the financial markets for a month or two, but unfortunately this is only a temporary solution. Already in two months, some elements of the agreement are to be renegotiated and also the debt ceiling will be reached, and a solution has be found to this. Obama’s position before the upcoming negotiations is weak – we may

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Budget agreement raises expectations of a positive January

EUROSTOXX 50 (Mar 13) INTRADAY Review Having registered year on year losses for two consecutive years since 2010, the Eurostoxx finished 2012 with a gain of 13.65%. In comparison, the DAX gained 29.06% in 2012, FTSE MIB gained 7.84%, PSI 20 was up 2.93% and the IBEX closed the year with a loss of 4.66% having been as much as 30% below the close of 2011 at the lows of 2012. The Eurostoxx has remained stable since the end of December throughout the week-long holiday break and has drifted lower

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The Eurostoxx finished 2012 with a gain of 13.65%

USD/JPY Daily Technical Outlook Last Update At 02 Jan 2013 02:37 GMT Trend Daily Chart Up Daily Indicators Rising 21 HR EMA 86.57 55 HR EMA 86.30 Trend Hourly Chart Up Hourly Indicators Bearish divergences 13 HR RSI 56 14 HR DMI +ve Daily Analysis One more rise b4 correction Resistance 87.39 – Equality proj. of 77.13-82.84 fm 81.68 87.10 – Jan 09′ low 86.84 – Intra-day high Support 86.28 – Hourly sup 85.98 – Mon’s European sup 85.66 – Mon’s low . USD/JPY – 86.65 … Despite Mon’s brief breach

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USD/JPY Daily Technical Outlook: January 2, 2013

GBP/USD Daily Technical Outlook Last Update At 02 Jan 2013 00:15GMT Trend Daily Chart Sideways Daily Indicators Neutral 21 HR EMA 1.6238 55 HR EMA 1.6200 Trend Hourly Chart Sideways Hourly Indicators Rising 13 HR RSI 63 14 HR DMI +ve Daily Analysis Consolidation with upside bias Resistance 1.6348 – 50% proj. of 1.5270-1.6310 fm 1.5828 1.6307 – Dec 19 high 1.6276 – Mon’s high Support 1.6203 – Last Thur’s high, now sup 1.6178 – Fri’s Aust. high, now sup 1.6135 – Mon’s hourly sup . GBP/USD –

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GBP/USD Daily Technical Outlook: January 2, 2013

GBPUSD Morning Star (Doji) 4-Hour Chart Resistance: 1.6178 moderate/1.6258 minor/1.6314 minor Support: 1.6122 strong/1.6041 moderate/1.5985 minor Market is generally bullish with GBPUSD just under a moderate resistance at 1.6178. With a high level bullish candlestick pattern, Morning Star (Doji) in 4-Hour charts, look for a break of 1.6178 and consider buys with 1.6258 as the immediate objective possibly on to 1.6314. A stop loss should be established below the pattern low. NZDUSD Three Inside

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GBPUSD Morning Star (Doji) 4-Hour Chart

DAILY TECHNICAL OUTLOOK ON EUR/USD Last Update At 31 Dec 2012 00:29GMT Trend Daily Chart Up Daily Indicators Rising 21 HR EMA 1.3222 55 HR EMA 1.3220 Trend Hourly Chart Sideways Hourly Indicators Neutral 13 HR RSI 53 14 HR DMI +ve Daily Analysis Choppy trading to continue Resistance 1.3308 – Dec 19 high 1.3284 – Last Thur’s high 1.3256 – Fri’s high Support 1.3166 – Fri’s NY sup 1.3159 – Dec 25 low 1.3120 – Dec 14 low . EUR/USD – 1.3225 … The single currency went through a ‘roller-coaster’

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EUR/USD Daily Technical Outlook: December 31, 2012

Review: We are quickly nearing the fiscal cliff in the US. The US: Yesterday the Democrats’ chief negotiator, Harry Reid, warned about the risk that the US will fall over the fiscal cliff. Consequently US equities fell. Equities closed slightly into negative territory in the US, but Japanese as well as Chinese equities rose by about 1% this morning. In respect of the fiscal cliff, it should still be borne in mind that even if we go over the cliff, there is some ‘leeway’. The politicians can at

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Short-term opportunity to buy EURCHF