1) Fake, otherwise I wouldn´t be short. 2) ECB will stay on hold with a hawkish bias. Inflation way over target.
indeed. I'm still amazed by the pump in US futures. I believe the first target is 6900/6880 on the Dax cash. What's your target?
Hello guys, I'm a trader from Brazil, I trade futures here and after observing the global markets (ES, YM, FDAX, FTSE100) from the beginning of this year I realized that it is much 'easier' to trade the FDAX, it seems to me the most technical market among those above, including IBOVESPA futures down here, and besides the software to operate futures is much better, I can just put my orders with my targets and stops before entering the heat of the market, being rid of any emotional decision... Here in Brazil we just can not do that, we must tell the broker at the time we want to enter/leave a position, so it makes it very hard to close a trade... Well now that is history as I'm trading the fdax and from tomorrow I will start posting some of my trades here in this forum, hoping to learn more with you guys. I usually trade swing and position, but sometimes I try a daytrade with short stop (usually 5~10 ticks max) on an intraday support/resistance. Good luck to all!
As much I like sleeping in the night, in US, the Dax is so much better than either ES or ER2 I may have to switch. Even with a now lower tick value it's commissions are much lower with my broker than anything North American. I just wish you could enter on stop limit like Globex.
Earnings downgrades create short-term risks to the downside However, a passing of the worst part of the credit crunch does not mean that we have passed the worst part of the economic and earnings cycle. We continue to expect earnings disappointments to drive earnings revisions lower. Higher oil prices are an additional risk to margins in an environment where the growth/inflation mix is deteriorating, raising the short term risk to the downside. Experience in the early 1980s and 1990s suggests that markets can be ârange-boundâ for prolonged periods around profit downturns. We do not expect the market to break out of the trading range on the upside before the end of this year, roughly six months before a likely acceleration of earnings growth. We recommend hedging the downside risks Implied volatility is down dramatically over the past month, creating an opportunity to hedge. Our Options team suggests buying digital puts which pay off if the Euro Stoxx 50 closes below 3,700 in three months. These offer a better return than vanilla puts if the market falls within our range