Author Archives: Trade Advantage

JP: Tankan Large All Industry Capex: 6.800 %

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Date (GMT) Event Cons. Actual Previous Dec 13 23:50 Tankan Large All Industry Capex 5.000 % 6.800 % 6.400 % Read the Industry data at BoJ News Japan: Tankan Large Manufacturing Outlook (4Q): -10 (FXstreet.com) Thu, Dec 13 2012, 23:54 GMT Japan 4Q Tankan Large Manufacturing Index -12 (FXstreet.com) Thu, Dec 13 2012, 23:54 GMT Japan 4Q Tankan Large All Industry Capex 6.8% (FXstreet.com) Thu, Dec 13 2012, 23:53 GMT Japan Tankan Non – Manufacturing Outlook decreases to 3 in 4Q from 5 (FXstreet.com) Thu, Dec 13 2012, 23:50 GMT Japan: Tankan Non – Manufacturing Index (4Q): 4 vs 8 (FXstreet.com) Thu, Dec 13 2012, 23:50 GMT

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JP: Tankan Large All Industry Capex: 6.800 %

CA: New Housing Price Index (MoM): 0.200 %

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Date (GMT) Event Cons. Actual Previous Dec 13 13:30 New Housing Price Index (MoM) 0.100 % 0.200 % 0.200 % Read the official report at Statistics Canada News Canada: New Housing Price index up 0.2% MoM in October (FXstreet.com) Thu, Dec 13 2012, 13:45 GMT Canada New Housing Price Index (MoM) steadies at 0.2% in Oct and (YoY): 2.4% (FXstreet.com) Thu, Dec 13 2012, 13:32 GMT

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CA: New Housing Price Index (MoM): 0.200 %

US: Producer Price Index (YoY): 1.500 %

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Date (GMT) Event Cons. Actual Previous Dec 13 13:30 Producer Price Index (YoY) 1.800 % 1.500 % 2.300 % Read the official report at Bureau of Labor Statistics News US: PPI rose 1.5% YoY in November (FXstreet.com) Thu, Dec 13 2012, 13:47 GMT US: Producer Price Index ex Food & Energy (YoY) rises 2.2% in Nov; (MoM) up 0.1% (FXstreet.com) Thu, Dec 13 2012, 13:31 GMT US Nov Producer Price Index (MoM): -0.8%; 1.5% (YoY) (FXstreet.com) Thu, Dec 13 2012, 13:30 GMT Reports US: Energy Prices Lead Wholesale Inflation Lower in November (Wells Fargo) Thu, Dec 13 2012, 14:41 GMT

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US: Producer Price Index (YoY): 1.500 %

The thought process behind yesterdays strategy

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S&P 500 (Dec 12) INTRADAY Review Yesterday our first profit target worked very well as resistance ahead of the FOMC announcement with the market then drifting down towards our long entry level at 1427 ahead of the key monetary policy news. The low was posted at just 5 ticks above our entry level before the news that the Fed are extending their QE3 programme by an extra $45bln worth of asset purchases per month to replace the expiring operation twist. This news was expected and the index

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The thought process behind yesterdays strategy

Fed meeting met expectations

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Review: Fed meeting: The US central bank, the Fed, more or less met the market’s expectations. There were a few extraordinary initiatives such as: – Expansion of monthly QE from USD 40bn MBS with purchases of USD 45bn government bonds. – a target of keeping the interest rate low until the unemployment rate falls to 6.5% and the inflation rate is in the range of 2-2.5%. On the whole, the Fed meeting was fully as we and the majority of the financial market had expected. Hence another item on our

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Fed meeting met expectations

The Eurostoxx started yesterday’s session on the front foot

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EUROSTOXX 50 (Mar 13) INTRADAY Review Please note that we have now rolled over from trading the December 2012 Eurostoxx contract to March 2013. The Eurostoxx started yesterday’s session on the front foot, albeit with a notable lack of momentum ahead of the FOMC statement, and finished the day with a meagre gain of 0.11%. Our yesterday’s neutral entry long at 2,615 was not reached. Strategy The FOMC went ahead with expanding its quantitative easing programme by USD 45bn of asset purchases per

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The Eurostoxx started yesterday’s session on the front foot