Author Archives: Trade Advantage

Forecast for 5th December 2012 E-Mini S&P December contract Long term levels 1419 2012 H1 high/Last week’s high 1412 21 week Moving Average 1409 100 day Moving Average 1394/93 Sept/Oct low 1387 July high 1383 Last week’s low 1378/81 Weekly 23.6% Fib/200 DMA 1368 Daily 50% Fib 1360/59 June high 1349 Aug low 1343 Daily 61.8% Fib 1319 Weekly 38.2% Fib S&P eased to the two week trend line support at 1402 which did trigger a bounce back up towards 1414 as expected. This level has so far

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

Forecast for 5th December 2012 E-Mini S&P December contract Long term levels 1419 2012 H1 high/Last week’s high 1412 21 week Moving Average 1409 100 day Moving Average 1394/93 Sept/Oct low 1387 July high 1383 Last week’s low 1378/81 Weekly 23.6% Fib/200 DMA 1368 Daily 50% Fib 1360/59 June high 1349 Aug low 1343 Daily 61.8% Fib 1319 Weekly 38.2% Fib S&P eased to the two week trend line support at 1402 which did trigger a bounce back up towards 1414 as expected. This level has so far

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

EUROSTOXX 50 (Dec 12) INTRADAY Review The Eurostoxx remained within Monday’s trading range in yesterday’s session with the lows defined by last Friday’s low and the high – by the 2,600 handle. Our yesterday’s neutral entry short at 2,592 provided limited value as a trading opportunity given the largely range-bound trading conditions. As expected, the newsflow remained subdued as did macroeconomic data. Strategy Today’s economic calendar bodes for a much more eventful session. The European

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The EUR/USD continued its ascent throughout yesterday’s session

EUROSTOXX 50 (Dec 12) INTRADAY Review The Eurostoxx remained within Monday’s trading range in yesterday’s session with the lows defined by last Friday’s low and the high – by the 2,600 handle. Our yesterday’s neutral entry short at 2,592 provided limited value as a trading opportunity given the largely range-bound trading conditions. As expected, the newsflow remained subdued as did macroeconomic data. Strategy Today’s economic calendar bodes for a much more eventful session. The European

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The EUR/USD continued its ascent throughout yesterday’s session

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Forecast for 5th December 2012 Topix December contract Long term levels 791.7 – 100 week moving average 778.5 – Weekly 50% Fibonacci 772.1 – Daily 23.6% Fibonacci 765.5 – 200 day moving average 761.7 – Daily38.2% Fibonacci 758.0 – Weekly 38.2% Fibonacci 753.3 – Daily 50% Fibonacci 744.8 – Daily 61.8% Fibonacci 743.2 – 100 day moving average 732.6 – Weekly 23.6% Fibonacci Topix unable to break the November highs at 789 this week leaving a small double top in place which could lead to continued

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HSCEI, Nikkei, Topix, Kospi & Straits Times

S&P 500 (Dec 12) INTRADAY Review Yesterday’s strategy was stopped out – We went to press just after the news that the Spanish had formally requested the bailout funding for their banking systems that triggered a reasonably large positive reaction that took the S&P to a new three week high. Conditions then stabilised and the market drifted down to test our long entry level just prior to the US ISM Manufacturing data. This is where the strategy came unstuck as the data was worse than

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The currency pair has been in a nice up trend since the 13th of November

Review: ISM and PMI data for the manufacturing industry in the US point in different directions. ISM fell to 49.5 while estimates pointed to 51.4. PMI came out at 52.8; estimates pointed to 52.1. Hence the ISM data indicate that the US industry is subject to a setback, while the PMI data indicate progress. As manufacturing industry only accounts for a minor part of the US economy, the ISM data for the service sector to be released on Wednesday are very important. These data will give a clear

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EURUSD breaches 18-month trend line

EUROSTOXX 50 (Dec 12) INTRADAY Review The Eurostoxx started the week on the positive note, with the upside momentum proving sufficient to prompt the index to register a new high for the year, albeit by just one price. The price was strongly rejected at previous highs of the year, prompting a technical sell-off which led to the index paring the day’s gains to finish the session with a loss of 0.12%. Our yesterday’s entry long at 2,564 was not reached. Strategy Final readings for EU member

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The Eurostoxx started the week on the positive note

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