César B.Leiceaga's Blog – April 2011 Archive (68)

Search Blog Posts

EUR/CHF Selling rallies

Mi idea is to sell rallies up to 1.2900s with a 50/60 pip stop and targeting the lower part of the wide range that seems to be stuck in... What do you guys…

Continue

Added by César B.Leiceaga on April 29, 2011 at 10:02am — 3 Comments

EUR/JPY 15 min strategy

Buying this dip at 121.20s assuming we've got a trendline breakout in the 15 minute chart. Placing stops below the pivot point and a first target at 122.00.

Good luck!

César…

Continue

Added by César B.Leiceaga on April 28, 2011 at 10:00am — No Comments

EUR/USD Long strategy

Approaching my buy zone for the US session.

Waiting for the retracement to find support between the 15min EMA cluster support starting from 1.4600 and the daily pivot in 1.4580.

STOP placed below S1 pivot in 1.4525 and TARGETS in 1.4650 high and 1.4675/80 (daily R2 pivot)

Good…

Continue

Added by César B.Leiceaga on April 26, 2011 at 10:41am — No Comments

Rabobank sees strong correlation between USD/JPY and DJIA

According to Jane Foley from Rabobank: "There has been a strong correlation between USD/JPY and DJIA since the start of 2011"
She says "Simply put while the Japanese fundamentals argue for a softer yen, this outlook only has gravitas in a "risk on" enviroment and so for now the JPY looks set to see decent support"

Source: Dow Jones News

Added by César B.Leiceaga on April 19, 2011 at 8:56am — No Comments

CDS Update

Greek 5year CDS has moved 15bp to 1105, whilst the 10Y GGB yield is around 13.30%. The spread vs Bunds is close to 990bp as media highlights fears of a possible default.

Ireland's now around 605bp after Moody's downgrade.

And Spain's Bono/Bund spread trades 10bp to 199bp.

Added by César B.Leiceaga on April 15, 2011 at 9:57am — No Comments

European Market Recap

# Dollar Index hits fresh 16-Mth lows, Euro and Yen firmer

# Inflation risks have risen, oil the main driver - ECB's Gonzalez-Paramo

# Greek January Jobless Rate jumps to 15.1%, a new record

# Greek CDS hits record highs, leads European default costs higher

# CIC plays down Spanish saving bank investment reports

# Even chance Finland blocks Portugal aid - FinMin official

# March Nationwide consumer confidence 44 vs 39 pvs

# Swiss April ZEW investor sentiment surges… Continue

Added by César B.Leiceaga on April 14, 2011 at 11:02am — No Comments

JPY Crosses Rumours

Decent bids at 120.20 area have been able to place a base on the EUR/JPY. Japanese were the initial sellers and turned buyers at the lows along with other model funds.
There was more buying interest reported in AUD/JPY and NZD/JPY after initial sales. Dealers confirmed aggressive buying in AUD/JPY from 87 figure.

Added by César B.Leiceaga on April 14, 2011 at 6:22am — No Comments

Millionaire Traders Part 1

Added by César B.Leiceaga on April 13, 2011 at 9:24am — No Comments

Gold facing critical pivot cluster resistance

 

 

 

Critical pivot resistance clustered between 1459 and 1460 that correspond to the Weekly pivot and Monthly R1. Above we find bearish trendline resistance close to 1462 and below the first support lays at 1454 (daily pivot). A key area to be watching before taking…

Continue

Added by César B.Leiceaga on April 13, 2011 at 7:49am — No Comments

Retail Positioning - Updated 8:40GMT

Added by César B.Leiceaga on April 13, 2011 at 6:52am — No Comments

European Session Recap

# UK March CPI +0.3% M/M, slips to +4.0% Y/Y
# UK trade deficit shrinks again on record exports
# Sterling slides, gilts extend gains after UK inflation
# German March CPI confirmed at +2.1% Y/Y
# German April ZEW falls to 7.6, 14.1 pvs 11.0 exp
# Chinese Premier Wen pledges investment to Spain
# Yen remains volatile as risk interests gyrate
# Aussie & Kiwi skids overnight vs JPY & USD on profit-taking

Added by César B.Leiceaga on April 12, 2011 at 10:59am — No Comments

Silver's sell-off explained

The sell-off explained according to Bloomberg:

"A trader’s almost $1 million bet that an exchange-traded fund tracking silver will plunge 37 percent by July was today’s biggest single options trade on U.S. exchanges as futures on the metal reached a 31-year high. The 100,000 options to buy 100 shares…

Continue

Added by César B.Leiceaga on April 12, 2011 at 7:23am — No Comments

EUR/JPY and AUD/JPY conducted the sell-off

EUR/JPY: Stops tripped on breaks below 122.00 and 121.00. More stops eyed under key support level 120.00. Offering interest noted on rallies towards 121.00

AUD/JPY: heavy sales out of Tokyo hitting stops sub 88.00, 87.50,87.00 and more eyed below 86.80.

Both holding above their respectives daily S3 supports at 120.31 and 87.01

Added by César B.Leiceaga on April 12, 2011 at 6:31am — No Comments

Market Recap

- Sterling at 5-Mth lows against Euro on diverging rate outlook

- Swiss Franc trapped in band after ECB rate hike

- Aussie scales fresh highs against Yen and gains vs Dollar

- ECB interest rate increase a secondary issue in Ireland - Honohan

- World needs more cooperation on financial oversight - Fed's Dudley

- BoE should raise rates gradually - MPC's Sentance

- Yuan steady, China uses currency to fight inflation

- USD & EUR to session lows against JPY on…

Continue

Added by César B.Leiceaga on April 11, 2011 at 10:55am — No Comments

CDS Market Brief

Quiet start to the trading week, with no direction ahead of the awaited Q1 earnings season.

In broader credit, iTraxx Main was 1/2 bp wider at 95 and Crossover 2bps wider at 361.

We've had the Independant Banking Commission's recommendations on the restructuring of the UK banking system, detaching retail from investment banking.

Peripherals: Portugal despite political uncertainty over the austerity measures for the bailout is 10bps tighter at 530.

Opposite move in…

Continue

Added by César B.Leiceaga on April 11, 2011 at 9:53am — No Comments

AUD/USD Strategy

Hello everyone,

I'm closely watching commodities edging higher on inflation concerns and dedicating my trading strategy to only "BUY" on corrective moves to support areas. I've chosen the AUSSIE amongst other currencies or commodities because of its technical situation.

My strategy is buying the dip…

Continue

Added by César B.Leiceaga on April 11, 2011 at 7:06am — 2 Comments

Spain will not be the next to ask for help

UK Telegraph points out that after Ireland has already used up 67.5billion Euro with another 90billion Euros or so to go to Portugal.

The Telegraph also points out that Spain's funding needs over the next three years amount to 400billion Euros with another 70billion Euros potentially needed for bank recapitalization according to Deutsche Bank estimates.

Added by César B.Leiceaga on April 8, 2011 at 9:11am — No Comments

Nearest Government Bond Auctions

Added by César B.Leiceaga on April 8, 2011 at 9:04am — No Comments

Fx Concepts looking to sell the EUR/USD

"The euro can reach 1.4435 by Friday and if seen we will sell. It will then decline to late next week and will reach our initial target of 1.4150. If the decline is aggressive, it will fall to the week of April 18 and our objective is 1.3975.
Following this low it will resume the uptrend into June and could reach 1.4800 before a significant peak is formed. Only a close above 1.4435 implies a rally directly to June"

Source: Market Insight Report from FX Concepts

Added by César B.Leiceaga on April 8, 2011 at 8:52am — No Comments

Gold, Silver and Oil grinding higher

Another marginal high in GOLD 1467.36Usd on spot SILVER has broken through to a record high 40.13Usd following a jump in ETF holdings.

SPDR EFT bullion holdings also reversed its mid-week plunge, jumping to the highest level since mid-Mar.Market talk of very active dollar hedging/fund bids on any dips, as well as physicals covering shorts.

Oil trading just off the 111.48 session high with Asian accounts picking up on the IMF WEO report of oil markets entering a period of…

Continue

Added by César B.Leiceaga on April 8, 2011 at 8:41am — No Comments

Latest Blog Posts

Most Popular Blog Posts

Blog Topics by Tags

Monthly Archives

2011

2010

Meet Real Traders Like Yourself!:

Come Join our Forex MeetUp Groups...

Amplify Trading 20% OFF

© 2013   Created by FXstreet.

Badges  |  Report an Issue  |  Terms of Service