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 28, 2011 at 10:00am — No Comments
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)
Added by César B.Leiceaga on April 26, 2011 at 10:41am — No Comments
Added by César B.Leiceaga on April 19, 2011 at 8:56am — No Comments
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
Added by César B.Leiceaga on April 14, 2011 at 11:02am — No Comments
Added by César B.Leiceaga on April 14, 2011 at 6:22am — No Comments
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
Added by César B.Leiceaga on April 13, 2011 at 6:52am — No Comments
Added by César B.Leiceaga on April 12, 2011 at 10:59am — No Comments
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
Added by César B.Leiceaga on April 12, 2011 at 6:31am — No Comments
- 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
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
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
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
Added by César B.Leiceaga on April 8, 2011 at 8:52am — No Comments
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