-
Stock,CFD, Fx and Forex Options – Data and Trade Recs
Posted on May 13th, 2009 No commentsCalendar
What’s going on?
Theme Comment - Chinese figures again disappointing: Ind. Prod. YoY out at 7.3% vs. 8.6% expected. Foreign Business Registrations in China dropped 41%.
- According to the National Assoc. of Realtors: US Home Prices dropped the most on record in Q1, down 14%. No stabilization there. 6.3% of all US mortgages are seriously (+90 days) delinquent.
- Stocks again closed lower in the US, but not much – some buyers around 900. Beware of Retail Sales today. We believe that the numbers will disappoint, showing a contraction of 0.5% in both Headline and ex Autos. That could trigger more downside for stocks.
FX
FX Daily stance Comment EURUSD 0/- 1.3725-35 res crucial for test of 1.3820+. May hold. Suppt at 1.3625 EURJPY 0/- Seen capped at 132.50-70 for a re-test of y’day’s low 130.75 USDJPY 0/- Up-move likely limited to 96.75-97.00 for reversal down to 95.50-60 GBPUSD 0/- Seen capped at 1.5350 for retracement down to 1.5200-25 suppt EURNOK 0/- Expect temp cap at 0.7710-20 to hold with a slow drift lower to 0.7600 lvl
Equities
Equities Daily stance Comment DAX 0/- Sell at the break of 4833 targeting 4773. S/L above 4885. FTSE 0/- Sell at the break of 4410 targeting 4378 initially, 4330 finally. S/L above 4450. S&P500 0/- Sell at the break of 903 targeting 888. S/L above 910. Nasdaq100 0/- Nikkei225 0/-
Futures
Commodities Daily Stance Comment Gold(XAUUSD) 0/+ Buy around 925 and target 936. Stop below 919. Silver(XAGUSD) + Buy around 14.30 and target 14.60. Stop below 14.15. Oil (CLM9) 0/- Sell at the break of 59.20 and target 58.00. Stop above 59.70.
FX Options
FX-Options Comment EURUSD The curve is largely unchanged with the dollar selloff in early Asian session. We are likely to see spot continuing to grind higher or settle into a range. USDJPY Market started to panic on the move in spot lower and paid up front end along with the Risk reversals. Likely to see continued nervousness on the downside. AUDUSD Vols are better supported today but gamma should come under pressure should spot fail To break new ground. Mid curve still finds buyers . Economic Data Releases Country Time (GMT) Name Expectation Prior Comment UK 09:30 Bank of England Inflation Report - - US 12:30 Advance Retail Sales Less Autos (APR) 0.2% -0.9% US 14:00 Business Inventories (MAR) -1.1% -1.3% Earnings Releases Country Time (GMT) (G(GMT)(GMT) Name EPS exp. EPS prior Comment UK - First Group 0.478
0.410 FR 15:45 Vallourec 3.280 4.870 US Bef-Mkt Macy’s -0.197 1.008 Related Posts:
- Stock,CFD, Fx and Forex Options – Data and Trade Recs 11-05-09
- Stock,CFD, Fx and Forex Options – Data and Trade Recs 18-5-09
- Stock,CFD, Fx and Forex Options – Data and Trade Recs 15-05-09
- Stock,CFD, Fx and Forex Options – Data and Trade Recs 14-5-09
- Stock, CFD, Fx and Forex Options – Data and Trade Signals 20-5-09
- Stock,CFD, Forex and Forex Options – Data and Trades
- Stock,CFD, Fx and Forex Options – Data and Trades
- The Income Strategy
- Covered Calls
- Calendar Spreads
- Short-Terms Trading
- Portfolio Options
- Credit Spreads
- Advisory Service
- Share Portfolio Management
- Exchange Traded Funds
- Option Portfolio Strategy
- CFD Trading Strategy
- Online Trading Platform
