Tradingreport 10/07/2011 – FUTURES

Tradingreport 10/07/2011 – FUTURES

 

Morning Briefing – 07-Oct-2011

Morning Briefing – 07-Oct-2011

 

GOOD MORNING!

EQUITIES The US markets had closed higher yesterday following the ECB announcing liquidity measures to help the Euro zone banks. The Dow (11123.33) was up 1.68% and the Nasdaq (2506.82) was up 1.88%. The Asian markets are trading in green. Australia (4237.40) is up 2.54%, Hong Kong (17679.83) is up 2.96%, Nikkei (8618.96) is up 1.14% and Taiwan (7231.13) is up 1.39%. The Sensex (15792.41, down 72.45 points) and Nifty (4751.30, down 20.85 points) had closed lower on Wednesday. The Indian markets were closed yesterday and could bounce back today following the other markets.

COMMODITIES Nymex Crude (82.64) has risen sharply above 80 and can now test its 84-85 Resistance region once again. Gold (1656) is looking mixed and is ranged between 1600-1680 over the last few days. We will have to wait for a breakout of this sideways range. Silver (32.08) has risen past its 31.50 Resistance and can now test 33-34 on the upside. Copper (3.32) is bouncing back well from near 3.00 over the last couple of days. Much strength is not seen in this upmove and we expect this upmove to be restricted to 3.30-40 on the upside.

CURRENCIES ECB’s announcement of liquidity measures triggred a sharp rise in the Euro (1.3423). With Support at 1.3380, Euro can rise further to 1.3500-50 in the coming sessions. But it needs to be seen whether this upmove can sustain or not. Dollar-Yen (76.67) is continuing to be ranged between 76.50 and 77.00. The Euro-Yen Cross (102.90) is finiding strong Resistance near 103 inspite of the good rise in the Euro and retains the bearish view for a test of 100 on the downside. Dollar-Swiss (0.9195) has come off sharply from its high of 0.9315 and can test 0.9150-35 while below 0.9200. Cable (1.5457) fell sharply to a low of 1.5271 as the BOE said that the global economic concern threatens UK recovery and decided to restart its asset purchasing program. Although it has bounced back from its low, the bigger picture remains bearish for a test of 1.5200-5000 with strong Resistance at 1.5500. Aussie (0.9782) has risen well above its 100-Week-MA (0.9668) and can now rise further to test 0.9900 on the upside while above 0.9700. DATA TODAY 05:00 GMT BOJ Meeting …Expected 12:30 GMT Sep US NFP …Expected 51K…Previous 0K 11:00 GMT CA Labour Force …Expected 19.6K…Previous -5.5K Regards Konrad

Tradingreport 10/06/2011 – FUTURES

Tradingreport 10/06/2011 – FUTURES

 

Tradingreport 10/05/2011

Tradingreport 10/05/2011

 

Morning Briefing – 05-Oct-2011

Morning Briefing – 05-Oct-2011

 

GOOD MORNING!

EQUITIES The US markets bounced back sharply from their day’s low in the final hour of trading following the statement from Bernanke that the Fed is prepared to help the economy. The Dow (10808.71) was up 1.44% and the Nasdaq (2404.82) was up 2.95%. Significant to note is that the sharp bounce in the Dow yesterday from the low of 10404.57 has happened from just below the 31.8% retracement level (10428) of the strong uptrend from Mar-09 (6470.11) to May-11 (12876). Now it needs to be seen whether this bounce back move can extend further in the coming days. We will have to wait and see. The Asian markets are trading mixed. Australia (3960.70, up 0.64%), New Zealand (3321.09, up 0.02%) and Indonesia (3303.72, up 1.04%) are trading higher while Nikkei (8385.71, down 0.83%), Hong Kong (16250.27, down 3.40%) and Taiwan (7002.98, down 0.64%) are trading lower today. Sensex (15864.86, down 286.59) and Nifty (4772.15, down 77.35) had closed further lower yesterday and is keeping up our bearish view intact for a test of 15500 on the Sensex and 4600 on the Nifty.

COMMODITIES Nymex Crude (77.77) has bounced back well from near 75 following the weaker dollar. Resistance is seen in 80-81 region and only a strong rise past this Resistance region will ease the overall downside pressue. Gold (1633.90) fell sharply and is keeping alive the threat of testing 1500-1470 on the downside. Silver (30.20) continues to trade mixed between 29.00-31.50. We will have to wait for a breakout of this sideways range. Copper (3.14) has bounced back slightly. However, the bigger picture still remains bearish for a test of 2.80 on the downside.

CURRENCIES Reports that the EU officials are in discussion for a coordinate action to recapitalize the Euro zone banks and Bernanke’s statement that the Fed is prepared to help the economy triggered a sudden reversal in the strength of the dollar. The Euro (1.3292) has risen sharply from its low of 1.3144 and can test 1.3430-50 on the upside while above its Support at 1.3270. Dollar-Yen (76.67) continues to be ranged between 76.50-77.00. The Euro-Yen Cross (101.88) saw a sharp rise to 102.78 and has come off from there. We could see a range of 101-103 today within its overall downtrend. Dollar-Swiss (0.9215) fell to 0.9146 and has bounced back well and is keeping up its overall bullish view intact for a rise to 0.9400-9500. Cable (1.5434) tested 1.5500 and has come off from its high of 1.5496 and continues to remain bearish for a fall to 1.5200-5000. Aussie (0.9532) is finding Resistance near 0.9600 and remains bearish for a fall to 0.9250 or even 0.9000. DATA TODAY 09:00 GMT EU GDP Q2 ’11 (Second) …Expected 0.2% …Previous 0.2% 09:00 GMT EU Retail Sales …Expected -0.20% …Previous 0.2% 12:15 GMT US ADP Emp …Expected 76K …Previous 91K DATA YESTERDAY RBA Meeting …Actual 4.75% …Previous 4.75% Aug Australia Trade Balance …Actual A$ 3.10 Bln …Previous A$ 1.82 Bln Regards Konrad

Tradingreport 10/03/2011

Tradingreport 10/03/2011

 

Morning Briefing – 04-Oct-2011

Morning Briefing – 04-Oct-2011

GOOD MORNING!

EQUITIES The increasing fears on the Euro zone debt crisis is continuing to keep the equity markets pressured on the downside. The US markets started off the new quarter with a sharp fall yesterday. The Dow (10655.30) was down 2.36% and the Nasdaq (2335.83) was down 3.29%. The Asian markets are bleeding all over with the South Korea’s KOSPI (1687.12) leading the fall and is trading 4.69% lower. Nikkei (8406.33) is down 1.63%, Australia (3949.60) is down 0.28% and Taiwan (6980.98) is down 0.47%. The Sensex (16151.45, down 302.31 points) and Nifty (4849.50, down 93.75 points) fell sharply yesterday and is retaining our bearish view intact for a fall to 15500 on the Sensex and 4600 on the Nifty.

COMMODITIES The increasing concerns on the Greece default and the stronger Dollar are keeping the Crude prices pressured on the downside. Nymex Crude (76.73) fell further and keeps our bearish view intact for a fall to 75.00-70.00. Gold (1667.90) has risen well, but it needs to see a strong rise past 1675 to extend its current upmove further. Silver (30.82) remains mixed and is ranged between 29.00 and 31.50 over the last few days. We will have to wait for a breakout on either side of this 29.00-31.50 range. Our bias is bearish. Copper (3.08) remains bearish for a test of 2.80 on the downside.

CURRENCIES Dollar remains strong. The Dollar Index (79.57) looks strong for further rise to 80.50 and 81.50. It has strong Support in 79.00-78.80 region. Euro (1.3202) has dropped further. Although the Support at 1.3160 is holding well as of now, the broader picture remains bearish for a test of 1.3050-00 on the downside. Dollar-Yen (76.71) fell sharply to 76.51 and is bouncing back from there. Broadly we might expect it to trade between 76 and 78 in the coming days. The Euro-Yen Cross (101.30) fell below 102 and remains bearish for a fall to 100-98. Dollar-Swiss (0.9200) has risen further and retains the bullish view. But it has significant Resistance at 0.9225 which needs to be watched. A strong rise past this Resistance would target 0.9400-500 on the upside. Cable (1.5453) has dipped to 1.5450 as expected and remains bearish for a fall to 1.5200-00. Aussie (0.9530) is continuing to trade below the 100-Week-MA and keeps our bearish view intact for a test of 0.9250 on the downside. DATA TODAY 04:30 GMT RBA Meeting …Expected 4.8% …Previous 4.75% 01:30 GMT Aug Australia Trade Balance …Expected A$ 2.14 Bln …Previous A$ 1.83 Bln DATA YESTERDAY JP Tankan Large Manufacturers Index …Actual 2 …Previous -9 Sep US Manufacturing ISM …Actual 51.6 …Previous 50.6 Regards Konrad

Night Session 10/03/2011

Night Session 10/03/2011

 

Morning Briefing – 03-Oct-2011

Morning Briefing – 03-Oct-2011

 

GOOD MORNING!

EQUITIES The US markets had closed lower on Friday. The increasing fears on the Euro zone debt crisis is keeping the markets pressured on the downside. The Dow (10913.38) was down 2.20% and the Nasdaq (2415.40) was down 2.63%. Dow can fall further to 10450-00 while the Nasdaq can test 2350-20 on the downside. The Asian markets are trading in the red. Australia (3986.30) is down 2.06%, Nikkei (8503.88) is down 2.26% and Taiwan (7068.94) is down 2.17%. Shanghai is closed the whole of this week on acccount of the National day holiday week. The Sensex (16453.76, down 244.31 points) and Nifty (4943.25, down 72.20 points) had closed lower on Friday and could fall further following the other markets. 15500 on the Sensex and 4600 on the Nifty are the important Support levels which could be tested in the coming days/weeks.

COMMODITIES Nymex Crude (78.10) fell sharply on Friday and is now trading below 80. Our bearish view remains intact for a fall to 75-70 on the downside. Gold (1635.50) is getting Support near 1600 but is not gaining upside momentum for a strong rise. We will have wait and see whether it can sustain above 1600 or not. The chances of seeing 1500-1470 on the downside cannot be completely ruled out now. Silver (30.43) is ranged between 29 and 31.50 over the last few days. The bigger picture still looks bearish for a fall to 23. Copper (3.09) has dipped further and is keeping up our bearish view intact for a fall to 2.80.

CURRENCIES Dollar is trading strong. The Euro (1.3329) has dipped below its important Support at 1.3400 and could now target 1.3000 on the downside. Immeidate Support is seen at 1.3295 (100-Month-MA). Dollar-Yen (77.02) has risen just above 77 and could rise further to 77.80-78.00 in the coming days. Support is seen near 76.80. The Euro-Yen Cross (102.67) remains bearish and can see a sharp fall to 100 or even lower on a break below 102. Resistance is seen at 104.20. Dollar-Swiss (0.9110) is trading strong and can rise further to 0.9400 while above 0.9000. Cable (1.5545) has found strong Resistance near 1.5700 last week and can test 1.5450-00 today. The bigger picture remains bearish for a fall to 1.5200 or even lower. Aussie (0.9639) is trading below its important 100-Week-MA (0.9667) and looks bearish for a fall to 0.9250. Regards Konrad

Night Session 09/29/2011

Night Session 09/29/2011