Gold Price
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May 15, 2012 | 
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S&P 500 (Jun 12) INTRADAY Review Our Short strategy on the S&P worked well yesterday. The market was in a tight range following the sell off from the European open with the low of the day being set at 15.12BST at 1333.25 which was bang on our first profit target Read the rest of this entry »
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S&P 500 (Jun 12) INTRADAY Review We had another short strategy on Friday looking to play the top of the week’s range. The strategy idea was spot on although our entry level in the end was too aggressive as the S&P moved up through 1355.50 following the best University of Michigan consumer sentiment data release in 4.5 years. The bullish reaction saw a break up above our entry but our stop level just about remained intact as the high opf the day was put in place just two ticks below our Read the rest of this entry »
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S&P 500 (Jun 12) INTRADAY Review We had a short strategy for yesterday’s session as although the market sentiment had improved somewhat compared to Wednesday due to Greece receiving a €4.5bln tranche of the next bailout payment, we felt the upside was limited as the uncertainty surrounding the Greek political situation remained. Our short entry level at 1361.50 worked well as the index topped out for the day between 13.30 and 15.00BST. The sell off from our entry bottomed out at 1553.50 Read the rest of this entry »
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S&P 500 (Jun 12) INTRADAY Review We had a short strategy for yesterday’s session as we expected the Eurozone political risk to continue to drive the risk-off move. We had an entry level at 1350.25 which was tested at 13.00BST and provided a great entry and from there the S&P sold off in a very high volume move down to our first profit target at 1342.50. The S&P then bounced back to our entry level where again resistance was found and the index turned and pushed down to our second Read the rest of this entry »
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S&P 500 (Jun 12) INTRADAY Review We expected the S&P to consolidate Monday’s losses yesterday but still favoured the negative sentiment to dominate and so had a short strategy for the US session. This was the correct view as the S&P remained on the back foot for most of the US session but ultimately the price range was contained within Monday’s range Read the rest of this entry »
S&P 500 (Jun 12) INTRADAY Review Our last strategy report was for Friday’s session due to the UK bank holiday yesterday. Read the rest of this entry »
S&P 500 (Jun 12) INTRADAY Review Our long strategy worked well following Initial Jobless claims yesterday but any market bullishness was quickly reversed firstly by Draghi’s ECB press conference where he delivered a statement that was considerably less dovish than was expected and then the US ISM Non-Manufacturing data turned out to be disappointing which perfectly contradicted the ISM Manufacturing data released earlier in the week. Before Jobless claims the E-mini found support at our Read the rest of this entry »
EUR/AUD Short Setup The short trades initiated yesterday on the eur/aud were both stopped out at break-even as the near term trend turned over night. Price has since retraced all the way up to the resistance near the 1.2850 level and a new short trade has been taken. On the daily chart I saw price at resistance followed by a slight rejection, it is too soon to tell but this did offer an opportunity for a good low risk, high reward trade setup. Read the rest of this entry »
S&P 500 (Jun 12) INTRADAY Review We had a short strategy yesterday ahead of the US ADP employment report. Sentiment was negative going into the US session following some terrible Eurozone manufacturing data and we expected a reasonable ADP report to lift equities up to test 1400 resistance before the downward bias kicked back in. Read the rest of this entry »
Let’s first take a look at the longer term analysis for the eur/aud by looking at a chart of the weekly time frame. Dropping down to the daily time frame: This week Australia unexpectedly cut the key rate by half a point (view the full RBA statement) and the cut has places downward pressure on the AUD. Traders speculated such an unexpected cut would had sent the pair to lower levels however. Read the rest of this entry »