February 5, 2014
We saw the ADP (released at 1315 GMT on 05/02/2014) come in slightly below expected. As a result risk is remaining offered as it has done for the rest of the day. We still favour selling risk on rallies. Looking at the Trend Analysis sheet, we are looking at selling around 101.60-80 area, which is around the… View Article
February 4, 2014
The EM woes have led to USDJPY feeling very heavy. The close below the cloud also has given me more reason to sell: Now as the market has dropped substantially helped by the lower than expected ISM yesterday, i am hesitating to sell here. I am therefore using the trend analysis sheet to provide me… View Article
February 4, 2014
4th Feb 2014 (12.51 pm). Yesterday we predicted a downward move on the Nikkei and the broader picture is obviously indicating a well-defined deterioration. Regrettably I’ve already taken profit at the 50% fib level, but easily had another potential 350 points profit if I stayed in the trade, but decided to play safe and take… View Article
February 3, 2014
Following our analysis on Friday,we have seen equities continue falling on the back of weaker than expected ISM index 51.3% against 56.0% expected. This weak number provided the trigger for further downside. We are currently short the nasdaq and we are looking to target 3455 were there has been some buying interest in the past…. View Article
February 3, 2014
The ISM index released today 3 February 2014 15:00 fell to 51.3 against the expected number of 56.0. This is the biggest miss, and the largest miss since 2008. A reading above 50 indicates that the manufacturing expanded for the eight consecutive month, however the expansion was a lot lower than expected. The reading was… View Article
February 3, 2014
We are currently short the Nikkei at 14626 following declines in Wall Street on Friday and a sell-off in the US dollar. It fell to the lowest level since November 13 as the yen strengthened against the U.S. dollar dampening sentiment. The index has broken down through the support at points 14700 predicting a further… View Article
February 2, 2014
Gold more or less went back and forth on Friday basically settling nothing. The $1240 level offered support once more and as a result we feel Gold should go up from here, but we still do not have a clear trading signal to start buying. The market has sufficient support below and as a result… View Article
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