http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-28.htmlMarkets are now looking at a downgrade of the US and evaluating the impact. Risk off was the big theme yesterday as the market is getting nervous about a possible US default as we still have no solution on the US deficit plan. What will happen if indeed a deficit plan is not agreed upon by the 2nd of August deadline? A week back everybody seemed to be taking for granted that a plan would be reached and we were testing the upper end of the recent range in the S&P500 futures at 1343. OneThu, 28 Jul 2011 13:13:53 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-27.htmlStill no solution on the US deficit talks and this is keeping the pressure on S&P 500 futures and we continues to see safe heaven flows into gold, CHF and JPY. The main focus is definitely on the US deficit talks and I would not be surprised to see a reversal of the last days movement if such an agreement it reached. The recent delays by Washington seem to be a political game and my feeling is that the markets still assume everything will work out in the end. So I see the biggest risk isWed, 27 Jul 2011 08:05:47 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-25.htmlThe inability to reach a debt ceiling agreement in the US before the weekend is weighing on risk this morning and gold made a new record high at 1620.84. S&P 500 futures are down 10.75 points (-0.75%) in Globex at the time of writing. The Swiss franc is outperforming big time and down below 1.16 again. In general, the well known correlations in risk off mode moving as expected this morning. The longer the US politicians use to get to an agreement the more nervous the market will get. LastMon, 25 Jul 2011 14:24:01 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-25.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-20.htmlRisk appetite rising over the last two sessions and S&P 500 futures are up 4 points in Globex at 1325.25, following strong earnings from Apple last night. Nasdaq 100 Emini futures are outperforming and up 0.70% at 2405.75 on the back of the Apple earnings. If trading intraday in equity indices, it makes sense to buy Nasdaq 100 futures on dips rather than Dow Jones or S&P 500 as I expect the Nasdaq 100 futures to outperform following the Apple earnings. The Euro is more or less flat atWed, 20 Jul 2011 11:30:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-19.htmlThe European stress test has been analyzed over the weekend and the verdict seems to be that risk off modus is back. Italian vs. German bonds widens to 320 bps. USD is stronger this morning, gold at record highs and equities down. S&P 500 futures gap lower on the open and is down by 19 points or 1.4% as the time of writing (about 1 hour and 50 minutes into the session). It seems like market players are very short term in their trading views at the moment and more playing news as weTue, 19 Jul 2011 08:52:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-07.htmlBank of England just held interest rates at 0.5% to aid the economic recovery and they held its bond-purchase program at 200bln pounds. This was in line with market expectations. ECB interest rate announcement is the major event today and the market expectation is for a 25 bps increase to 1.50%. We just saw The Portuguese bond yields widened to 17.8% yesterday and the CDS market has upped the chances for sovereign default across the board basically. I expect to see a decent move following theThu, 07 Jul 2011 15:52:40 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-01.htmlThe quarter ended with a good move to the upside in the S&P 500 futures once again as we tend to see toward quarter end. The S&P 500 was basically flat for the quarter (-0,39%) and is up 5,01% for the year. We have now rallied just more than 50 points in the S&P 500 futures since Friday, not bad. It does looks overbought now and it will be interesting to see if it can continue the rally and take out that falling key resistance from the yearly high, which is coming in at 1317, seeFri, 01 Jul 2011 13:35:57 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-07-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-29.htmlRisk on yesterday and seems like it will continue today, at least that the moment with the S&P 500 emini futures trading up 8.50 points at 1284.75. That is well of the low we saw Friday at 1261.25. So it appears that we have once more bounce off that 1250 to 1260 support zone. The key level to get above now in my opinion to open for a larger rally is 1294, as that would make a higher low and higher high on the daily chart. Last week’s high was also 1293.75. The market is very much newsWed, 29 Jun 2011 09:00:17 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-23.htmlRunning a bit late on the report today, so will keep it short and sweet. FOMC just held rates unchanged and signaled that rates will remain low for long, QE2 will expire at the end of the month, but they will reinvest the interest received from the holdings. Pretty much as expected and Bernanke will hold the press conference shortly. We have seen very little market reaction so far to the release. Bank of England minutes out earlier was pretty dovish and they signaled that they might need toThu, 23 Jun 2011 08:31:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-21.v02.htmlWe have some event risk over the next few sessions with the Greece no confident vote tonight at 23:59 CET and FOMC tomorrow. Overnight volatility in the Euro overnight options reflects this and trading around 18.5% for at the money option. The volatility for the 2 days options, which includes the FOMC is also trading around the same volatility levels for the at the money strikes. Headlines out of Greece continue to dominate the market sentiment and I found this article a bit interesting: FitchTue, 21 Jun 2011 13:44:37 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-21.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-21.htmlThe market continues to be dominated by news headlines and specifically Greece is the major focal point. I have argued for some time that we will likely see a default within Europe, structured or an outright collapse over the next few years. In my view a restructuring of the debt would also be a default technically, because it would mean that Greece cannot pay the obligations. Seems like the ECB and Euro zone is obsessed with saving Greece. Given that Greece is a small player in Euro zone, itTue, 21 Jun 2011 08:10:01 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-14.htmlPretty much one directional last few weeks in the S&P 500, with 8 of the last 9 sessions being down, for a total of 68.25 points. The whole market is short and we are running a risk of a short squeeze. We have quarterly option expiration this week and we have a tendency to bottom out Thursday or Friday the week prior to the expiration. We have of course a slightly lower low in the S&P 500 futures yesterday, but in general that low of 1259.50 could be the low for this week. I also noteTue, 14 Jun 2011 14:11:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-07.htmlS&P 500 futures broke below the key support at 1290 and it has now lost close to 60 points in four sessions. Next support is 1272 (76.4% Fibonacci retracement of the 1243 to 1367 move), followed by the yearly low at 1243. I think we should see a bounce today following the steep selloff last 4 sessions and key resistance is now 1308.75 (April low) and former support, now resistance. However on longer term time frame I think we could have more downside as I have not really seen a strongTue, 07 Jun 2011 13:46:50 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-06.htmlSeveral Asian markets were closed overnight and we say little moves in the major markets in Asian session (China, Korea, Taiwan, Korea, HK and NZ were closed). Horrible US nonfarm payrolls data out Friday, coming in at only 54k and the unemployment rate rising to 9.1%. But the positive news out of Greece looks like limited the downside. Hearing people taking about possible QE3 this morning, but also quite a few that thinks this number is just a short term weakness following last month’s strongMon, 06 Jun 2011 14:07:38 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-06-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-25.htmlYesterday we traded down towards the 1309.50 gap in the S&P 500 as I expected would happen, but it happened a bit too quick and I was not able to buy the puts in time that I mentioned last week would be a good trade. I will instead look to sell weekly puts with strikes at 1310 and 1315 and trade short in the futures over the next few sessions to try and get something out of the volatility expansion seen over the last sessions. The gap down at 1309.50 from 20th of April is still open andWed, 25 May 2011 09:11:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-25.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-19.htmlWe have S&P options expiration tomorrow and the stats for May options expiration week is not that great, so it would be interesting to see how the last 2 sessions goes. We are trading above the 1341.25 first upside target I had on the S&P 500 futures, following the strong close on Tuesday. I published this 1341.25 target on in yesterday’s report. The gap down at 1309.50 from 20th of April is still open and a potential downside target that I just keep in mind for now. I will most likelyThu, 19 May 2011 13:43:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-13.htmlStrong German GDP reading out this morning and seems like the European debt crisis has left the center stage and the Euro is testing the 1.4330 resistance, but it still looks like momentum traders will sell rallies below 1.4450 or so, so not sure how much higher we will go? It depends a lot on the US CPI date later today I think. If that CPI reading would be weaker than expected the euro could rally a bit higher. However it that number is inline or higher I reckon it will fall lower quiteFri, 13 May 2011 15:43:50 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-12.htmlThe Euro and commodities getting hammered yesterday and overnight. The Euro is testing the key support at 1.4150 and has now fallen 750 pips in one week. The European debt issue continues to dominate the headlines and many seen the likelihood for a Greek default/restructuring as very high now. I agree and it has been my view for a long time as I have been talking about that very frequently in this report. I maintain my view that we will most likely see some kind of a structured default by atThu, 12 May 2011 13:36:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-11.htmlChinese CPI out at 5.3% for April (y/y), which is above the 4% target set by Chinese Premier Wen Jiabao’s. Elsewhere reports showed China’s industrial production advanced 13.4 percent last month and retail sales grew 17.1 percent. The European debt problems continue to dominate the FX markets and Finland has postponed the vote on the Portugal bailout package until Friday. The Euro looks like a sell on rallies below 1.4480 today and we have key support at 1.4250. I still think the European debtWed, 11 May 2011 15:03:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-05-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-04-28.htmlThe FOMC kept rates on hold yesterday and Bernanke signaled the FED will complete the 600$ billion QE2 program, which ends in June. Bernanke also cut growth forecast and increased the inflation expectations. He also signaled that there is now less likelihood of a QE3 program as the benefits would be marginal. Overall the outcome was pretty dovish and the USD sold off decisively following the FOMC release and EURUSD is now about 200 pips higher over the last 24 hours. Gold and Silver alsoThu, 28 Apr 2011 10:18:26 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2011-04-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-29.htmlMon, 29 Nov 2010 14:33:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-24.htmlMarket Comment: S&P 500 futures closed down 20.25 points yesterday (-1.69%) following a various a gap lower of 14.50 points at the open, which was the widest opening gap down since 11th of August. A series of negative news from European debt crisis, Korea tension and Chinese reserve requirement increase are taking its toll on the risk appetite built up over the last months. The Irish downgrade by S&P to A from AA- was pretty much foreseen by the market, but just adds to the sentiment.Wed, 24 Nov 2010 14:41:39 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-24.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-23.htmlMarket Comment: S&P futures opening 14.50 points lower in the US floor session just now and it seems like the risk appetite is being hit from various angels this morning, with Irish debt situation, Korea unrest and rumor of Chinese rate hike contributing to weakness. It looks like it is the largest gap since 11th of August and that day ended about 16 points lower from the open. It looks likely we will see a test of last week’s low at 1171 in the not too distant future. US GDP came inTue, 23 Nov 2010 18:11:39 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-22.htmlMarket Comment: S&P 500 futures gapped up in Asia overnight, trading to a high of 1206 as the Irish bail out news gave a short term booster to risk, but the rally has been reversed since and S&P futures are trading 1197 at the moment, which is 1.25 points below Friday’s close. We think the Irish bail out related rally will be short lived and the fact that Greek debt is trading at a 10% premium to market rates indicates that the market believes that Greece will default on the debt atMon, 22 Nov 2010 15:34:18 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-19.htmlMarket Comment: China just raised the reserve requirement for banks by 50 bps to curb the inflation threat. China reported Q4 CPI inflation at 3.8% overnight. It seems to be a trend that Asia is facing higher inflation and the West is still in relatively low inflation with the main problem being debt crisis in the Euro zone. Increasing inflation suggest the growth rate is a probably about to fade. That could hurt risk appetite and especially commodities and commodity related currencies likeFri, 19 Nov 2010 14:28:36 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-17.htmlMarket Comment: S&P futures taking a bit of a hit last this week so far and down 25 points last 2 trading sessions. We are below the 0 Sigma on daily chart for the first time since start of September. A change of trend? On weekly chart we need to close below 1173 to form a bearish reversal formation, so probably a bit early to call it an end to the 192 points run higher since August low. We expect to see buyers on dips as long as 1155 holds. If that level would break we see potential for aWed, 17 Nov 2010 14:43:31 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-11-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-27.htmlMarket Comment: S&P future gapped 6 points lower on the open yesterday, but closed unchanged from Monday and the 1175 support held, which is the key support level for now I reckon. To keep it stupidly simple I would say that as long as we don’t see a daily close below 1175 in the S&P futures the trend is up and next key resistance remains 1198 and 1207. If we close below 1175 support, the next target would be 1150 followed by 1127. We still have some weakness in the S&P futuresWed, 27 Oct 2010 12:04:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-26.htmlMarket Comment: S&P futures rising 2.50 points yesterday, but closed more than 11 points off the high at 1193 made early in the session. That close looks weak to me and it had to fair amount of selling involved to close that far off the highs. I think we should see a move lower over the next few sessions, although we have POMO today that might support the market somewhat, at least early on. Also keep in mind that we are getting fairly close to the 1200 level, which is not far off the AprilTue, 26 Oct 2010 14:11:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-22.htmlMarket Comment: S&P futures making a new multi month high in early trading yesterday reaching 1186.25 and we reversed lower. Yesterday I came out on the Twitter when it was trading 1184 in the ES saying: “not that much expansion in volume on the break above 1185 in ES, so I am not sure the breakout will extend, should have seen more buying imo” We have POMO today as well, that normally put a bid into the risk. Recent comments out of Fed official’s points to a more cautious stance on QE andFri, 22 Oct 2010 17:39:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-19.htmlMarket Comment: S&P futures made a new multi month high yesterday at 1182.25, on good earnings report from CITI and but NAHB index rising 3 points to 16. However in Globex S&P futures fell back overnight as the earnings from Apple and IBM released after the market closed dragged the market lower. Especially tech heavy Nasdaq futures (NQ) taking a hit of course. The equity markets have come a long way in the last month and would not be surprised to see a correction in the near future. ATue, 19 Oct 2010 12:04:00 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-18.htmlMarket Comment: Stock market summary: S&P futures held the 1160 level Friday and the former overhead resistance line has held as support last 2 sessions, coming in at 1160 today. P The trend has been that stocks have been supported by POMO and also benefitting the Euro. Comments from Bernanke Friday suggest that QE will be more gradual than all at once. Fed speakers this week include voters Dudley (Tues) Bullard (Thurs) Hoenig (Friday) and note that Bullard and Hoening are known hawkish,Mon, 18 Oct 2010 17:44:17 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-10-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-09-14.htmlMarket Comment: Stock market summary: - Nikkei 225 Index: +0.89 % at 9,321 - Shanghai Composite Index: +0.89% at 2,688 - FTSE 100 index: +1.23% at 5,569 - S&P 500 index: +1.28% at 1123 S&P futures (ES) gapped higher by 10.25 points Monday at the open and closed up 1.02% following Basel III agreement over the weekend increasing the core tier one capital ratio to 7% by 2019. Financial higher across the board on the decisions as the requirements seems to be less stringent than previousTue, 14 Sep 2010 09:12:41 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-09-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-30.htmlMarket Comment: Asian stock market summary: - Nikkei 225 Index: +1.8% at 9,149 - Hang Seng Index: +0.7% at 20,737 - Australia ASX 200: +1.9% at 4,452 - Shanghai Composite Index: +1.6% at 2,652 The JPY sold off on going into the unscheduled Bank of Japan (BOJ) policy meeting, but no intervention happened and only a BOJ easing announcement, and the early Asia JPY sell off has pretty much reversed as we head into NY trading. The market started to move significantly following the Bernanke speechMon, 30 Aug 2010 18:01:21 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-27.htmlMarket Comment: Asian stock market summary: - Nikkei 225 Index: +0.7% at 8,906 - Hang Seng Index: -0.1% at 20,612 - Australia ASX 200: +0.8% at 4,356 - Shanghai Composite Index: +0.3% at 2,603 3-month Libor rates: USD at 0.299% v 0.304% prior GBP: 0.724% v 0.721% prior EUR: 0.829% v 0.829% prior JPY: 0.234% v 0.236% prior Running a bit late today with the report so will keep it brief. Today’s session is last one to make bets ahead of tomorrow’s US GDP revision. About every trader on the planetFri, 27 Aug 2010 10:27:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-23.htmlMarket Comment: Asian stock market summary: - Nikkei 225 Index: -0.7% at 9,116 - Hang Seng Index: -0.4% at 20,889 - Australia ASX 200: unchanged at 4,429 - Shanghai Composite Index: -0.1% at 2,639 - Shanghai Composite Index: 3-month Libor rates: USD: 0.318% v 0.329% prior GBP: 0.721% v 0.724% prior EUR: 0.828% v 0.829% prior JPY: 0.239% v 0.239% prior Friday’s close in the S&P future made a doji candlestick formation on daily chart, after the break below 1066, it didn’t extend to theMon, 23 Aug 2010 12:51:27 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-20.htmlMarket Comment: Asian stock market summary: - Nikkei 225 Index: -2.0% at 9,179 - Hang Seng Index: -0.4% at 20,981 - Australia ASX 200: -1.1% at 4,430 - Shanghai Composite Index: -1.7% at 2,642 3-month Libor rates: USD: 0.329% v 0.339% prior GBP: 0.724% v 0.727% prior EUR: 0.829% v 0.832% prior JPY: 0.239% v 0.239% prior It is Friday and options expirations time and we have seen another choppy expirations week, which is often the case. No major US data out today. The break below 1083 support onFri, 20 Aug 2010 13:51:27 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-18.htmlMarket Comment: Asian stock market summary: - Nikkei 225 Index: +0.9% at 9,240 - Hang Seng Index: -0.4% at 21,022 - Australia ASX 200: -0.1% at 4,475 - Shanghai Composite Index: -0.2% at 2,666 3-month Libor rates: USD: 0.345% v 0.352% previous GBP: 0.727% v 0.728% previous EUR: 0.833% v 0.834% previous JPY: 0.239% v 0.239% previous First of all make sure to watch this interview with Kyle Bass of Hayman Capital: Mr. Bass has pretty much the same idea that I share about Japan and I favor muchWed, 18 Aug 2010 12:51:29 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-17.htmlMarket Comment: Asian stock market summary: - Nikkei 225 Index: -0.4% at 9,161 - Hang Seng Index: +0.1% at 21,137 - Australia ASX 200: +0.9% at 4,477 - Shanghai Composite Index: +0.4% at 2,671 Fairly narrow ranges in Asia, but as Europe has come into play we see more directional moves as risk on is the theme again with Euro break briefly above 1.2900 and breaking the high from Friday, but has so far failed to sustain the move. I think the key to higher Euro is to see S&P futures establishTue, 17 Aug 2010 12:54:59 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-08-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-03-19.htmlMarket Comment S&P futures basically unchanged around the 1161 level at the time of writing and it tested the 1165 resistance level yesterday, but failed to move above so far. It has scope to move higher towards 1177 resistance that is the +3 Sigma level. However we very seldom see moves beyond 3 Sigma’s and we don’t expect that to happen this time either. So in our view the scope is limited for a strong rally, but it might just grind lower. Seems to be plenty of shorts in the S&PFri, 19 Mar 2010 08:21:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-03-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-03-11.htmlMarket Comment S&P futures looking like it will potentially to test the 1148 (2010 high) near term, but don’t expect any major rally above the 1160 level or so near term. We note that German Dax index upside contained by Sigma +2 band so far at 5960 today (2 standard deviation line). See the daily futures technical report for more info. JPY repatriation flows was not able to support JPY today as it weakened across the board as S&P futures tested the 1148 high to the pin point, but noThu, 11 Mar 2010 10:10:37 GMThttp://www.fxstreet.com/technical/analysis-reports/info@avantagefinancial.ch (Avantage Financial GMBH)http://www.fxstreet.com/technical/analysis-reports/foreing-exchange/2010-03-11.html