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Stock,CFD, Fx and Forex Options – Data and Trade Recs

By Total Trader | Published: 13 May 2009

Calendar

 


 

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  

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This entry was posted in CFD Trading, Forex Trading and tagged CFD Trading, Forex Options, Forex Trading, Fx, Index Cfds. Bookmark the permalink. Both comments and trackbacks are currently closed.
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