Month: January 2013

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S&P 500 Outlook 30.01.2013

S&P 500 Outlook 30.01.2013

Last week we saw the S&P 500 went on an eight day run of gains. This is the longest winning run in eight years. The index remained above 1,500 after closing above that level on Friday for the first time in more than 5 years. For trading purposes I would be using the exchange traded…

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GBPUSD 24.01.2012 trade update

GBPUSD 24.01.2012 trade update

GBPUSD H1 chart 23.01.2013 GBPUSD H1 chart 24.01.2013 Referring to the GBPUSD update on the 23.01.2013, The price filled the 1.5859 – 1.5892 box. After hitting the resistance of 1.5892 however, price could not move higher and broke back down into the 1.5802 – 1.5859 box. I mentioned in my 23.01.2013 outlook that if price…

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GBPUSD 23.01.2013 Outlook

GBPUSD 23.01.2013 Outlook

Like the US and its European counterpart, the British economy is in a mess. If the government’s finances is like a maxed out credit card and applying for another credit card and transferring the old debt over to the new card. For the whole of last year 2012, the GBPUSD has been stuck in a…

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USDJPY 17.01.2013 trade result

USDJPY 17.01.2013 trade result

The USDJPY trade call was a losing trade. Based on the mandate given on 15.01.2013, I mentioned that I would be looking to short the USDJPY. I did short the USDJPY and my joy was somewhat short lived. My positive pips vanished on the 17th January 2013 as soon as the Japanese Finance Minister retracted…

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EURUSD 16.01.2013 trade result

EURUSD 16.01.2013 trade result

A good thing about this trade is that I need not wait as long as the AUDUSD trade. For the AUDUSD trade please click here. The result was achieved the very next day itself. The target which was given in the mandate was 1.3269 and from the chart, the 1.3269 level is marked in green….

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AUDUSD 18.01.2013 trade result

AUDUSD 18.01.2013 trade result

This was a trade which really took its time to reach the intended target. 5 trading days to be exact. Well the wait was well worth it. From my posting dated 14.01.2013, I had indicated that I had already shorted the AUDUSD. My target was 1.0490. After 5 days of trading, the price did indeed…

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USDJPY 15.01.2012 Outlook

USDJPY 15.01.2012 Outlook

The USDJPY has been on a bull run before and after ABE won. Speculators have been betting on a weak yen as ABE’s main agenda was to weaken the Yen to revive Japan’s economy. Well we are all familiar with the adage..”What goes up, must come down” I do see some weakness to the price…

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EURUSD 15.01.2012 Outlook

EURUSD 15.01.2012 Outlook

EURUSD has reached the resistance of 1.3405. I noticed that on its way going to 1.3405, the price bullishness somewhat slows down and I am looking for price weakness to sell the EURUSD. My target would be the 1.3269 and if price manages to close above 1.3485, this would cancel by sell view.  

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AUDUSD 14.01.2012 trade progress

AUDUSD 14.01.2012 trade progress

This is an update based on the trade progress following the 07.01.2012 AUDUSD trade outlook. I took a small short when the price went to test the high at 1.0598. I managed to sell the AUDUSD at 1.0582. I took my profit the same day to increase my stop loss buffer for the next sell….

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AUDUSD 07.01.2012 Outlook

AUDUSD 07.01.2012 Outlook

Price of AUDUSD is currently showing mixed signals on the daily chart. There was a gap up on Wednesday 2nd January 2013 when the market opened. However on Wednesday price tried to close the gap but failed to do so.  Currently I hold a bearish view on the AUDUSD and I would like the price…

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