1. The May Live Trade Sheet
2. The May Live Trade Room
3. C3X Performance FX portfolio
4. The Bond auction schedule can be found here: Bond schedule
5. The speaker schedule can be found here: Speaker schedule

Markets are whipsawing in a range of over 16 points on ES while forex has been surprisingly muted. Italian auctions lent some level of support to EU but they still could not produce a long signal on Capital3x internal indicators, FalconFx.

We have discussed biases in trade room at capital3x.

 

Key highlights as we enter US session:

• PASOK leader Venizelos continues to try and form a stable coalition; New Democracy’s Samaras says there is still hope.
• EU Commission raises 2012 GDP growth forecast for Germany and France, but the periphery continues to drag, and have their estimates revised lower.
• The EU forecast further austerity measures for Portugal; PM Coelho denies the need for more cuts.
• Chinese Industrial Production and Retail Sales come in below expectations, weighing on commodities.

Asian Headlines
Chinese CPI (Apr) Y/Y 3.4% vs. Exp. 3.4% (Prev. 3.6%)
Chinese PPI (Apr) Y/Y -0.7% vs. Exp. -0.5% (Prev. -0.3%)
Chinese Industrial Production YTD (Apr) Y/Y 11.0% vs. Exp. 11.7% (Prev. 11.6%)
Chinese Industrial Production (Apr) Y/Y 9.3% vs. Exp. 12.2% (Prev. 11.9%)
Chinese Retail Sales YTD (Apr) Y/Y 14.7% vs. Exp. 14.9% (Prev. 14.8%)
Chinese Retail Sales (Apr) Y/Y 14.1% vs. Exp. 15.1% (Prev. 15.2%) (Sources)
Chinese New Yuan Loans (Apr) M/M 681.8bln vs. Exp. 780.0bln (Prev. 1010.0bln)
The poor Chinese data has been echoed across the BRICs, with India and Brazil posting disappointing industrial production figures also. (Sources)
Bank of America has cut their China Q2 growth estimate to 7.6% from 8.5%, but say it may rebound to 8% in Q3. (Sources)
The BoJ has revised its rules on its foreign asset management, placing more emphasis on safety and liquidity. The BoJ are now to hold foreign assets mainly in deposits with foreign central banks and government securities with high liquidity that are issued by the US and major European nations. (Sources)

US headlines:

JP Morgan have reported that its CIO unit has had significant mark-to-market losses, adding that it would need USD 1.7bln in added collateral if their rating was cut by two notches. JP Morgan also see up to USD 2bln in mortgage costs beyond accruals as of March 31st. (Sources)

EU Headlines

The EU Commission have also released some pessimistic forecasts for the UK, revising down their estimate for 2012 GDP growth:
-cuts UK 2012 economic growth forecast to 0.5% from 0.6%
-raises 2013 economic growth forecast to 1.7% from 1.5%
-cuts UK 2012 budget gap forecast to 6.7% of GDP from 7.8% of GDP
-cuts UK 2013 budget deficit forecast to 6.5% of GDP from 5.8%
German finance minister Schaeuble has said the Eurozone has become more robust over the past two years and could handle a Greek exit, as contagion risk has reduced significantly and the overall Euroarea has become more resistant. (Rheinische Post)
ECB’s Weidmann has hit back at reports that the Bundesbank is prepared to accept elevated inflation rates, commenting that the reports are an absurd discussion, and there is no danger as long as the ECB keeps the Euroarea average at just below 2%. (Sueddeutsche Zeitung)

Some setups and our daily dosage of staple charts from Capital3x.

The High yield prices to US treasury prices continue to be capped between 50 and 200 dma. So while SPX did rise from under 1350 to 1375, it was not supported by flows in to higher yield assets which diverged. Duly SPX followed it back down to 1350. The ratio is well capped inside the 50 and 200 ma lines.

The ratio of declining to advancing (the 10 day average) is at 2.25 which is clearly suggesting a shift in equilibrium but nothing as bad as being imagined. We need worse numbers for this ratio to predict a bigger fall.

The VIX/VXO ratio (Remember?) was at decade highs. We said at that point that SPX is about to climb down quite a but given that markets correct (Strangely?) after a few weeks of this ratio peaks. This has been the norm over the last 10 years.

You need to be a sucriber with Captial3x Trading portfolio to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio.

ES hourly stands at crucial level below 1352. Above 1352 you being with a small long lot while above 1355 you increase your lots for a target of 1362. All bets off below 1343.

The EJ daily is out bearish but bounces to 104.55 cannot be ruled out.

The Falconfx USDCAD has been nothing short of brilliant. It needs a pat on the back. It has garnered a long from .9940 to 1.006 (not shown on the screen as the screen only shows 3 days of ticks). The current long trade was triggered at 1.0029.

Gladiator and Falconfx are retail forex first bond market indicators. The prices have been kept as low as under USD 100 which is just as cheap as the exchange fees.

More pairs will be added soon and all existing subscribers will get the additional indicators free so incentive to join faster. Why not when this is the retail first bond market indicator for forex.

You need to be a premium member to see the rest of the post and the above charts

1. The May Live Trade Sheet
2. The May Live Trade Room
3. C3X Performance FX portfolio
4. The Bond auction schedule can be found here: Bond schedule

More updates to be added later as and when I spot setups for you guys.

Mark
Captial3x.com

GMT	Country	Speaker Name
800	GR	PASOK’s Venizelos meets New Democracy’s Samaras
800	GE	German Foreign Minister Westerwelle speaks on Europe’s future
1415	US	Fed’s Fisher speaks on too-big-to-fail banks in Texas
1600	GE	German Chancellor Merkel holds election rally
N/A	EU	EU’s Van Rompuy makes official visit to Denmark
N/A	EU	EU’s Rehn speaks at conference
N/A	EU	ECB’s Praet, ECB’s Nowotny, EFSF’s Regling in Vienna

IT EUR 10bln 3-, & 12-month BOT Auctions
Today the Italian Treasury is conducting auctions for its 3-month BOT maturing 15-Aug-12, and 12-month BOT maturing 14-May-13, where it expects to raise an amount of approximately EUR 10bln. In terms of historical data:

You need to be a sucriber with Captial3x Trading portfolio to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. 

 

    
   

You need to be a premium member to see the rest of the post and the above charts

                

1. The May Live Trade Sheet
2. The May Live Trade Room
3. C3X Performance FX portfolio
4. The Bond auction schedule can be found here: Bond schedule

 

 

 

The Falconfx and Gladiator has been withstanding the whipping action of the markets. Case in point, let me present a few charts from falcon and Gladiator.

The Daily Falconfx on EUR/JPY has been nothing short of stellar as it triggered 3 signals in the last 4 months and made over 1500 pips. Two Longs and one short. The short was from 109.5 and still stands as EUR/JPY has dipped to 102.7.

The Falconfx EU has neutralized its short signal from 1.3112 to 1.2925. It has then generated a false Long at 1.2961 which was neutralized at 1.2949 which is a loss of mere 12 pips. This is a powerful indicator which neutralizes false signals much faster than any other signal known on retail but it rides the big trends very well.

The Falconfx USDCAD triggered a massive long signal at .9940 a few days back and hit a high of 1.006. Two days later Falcon now hits another long signal at 1.0029 and is now advancing above 1.0041 already up 12 pips. If it is false signal most likely it will neutralise even before 1.0029 and hence no chance of a loss.

If you have not subscribed, you have the option to subscribe here. Currently Falconfx exists for EUR/USD, EUR/JPY, USD/CAD while Gladiator exists for ES (SPX Emini). They are bond market indicators with a very high degree of safety built into (filtering false signals) while riding all trends.

As more pairs are added they will be added free to your account if you decide to subscribe for both Falcon and Gladiator. Existing subscribers for Capital3x will always get the best deal.

Capital3x.com

This update is at 10 May 2012 at 10:40 am London.

Today I want to point you to the fact that Falconfx and Gladiator are not just indicators which will just keep throwing scalping trade after trade but is a true trend trader as it keeps filtering bad trades away.

The Gladiator touched +1 today in EU but simply would not cross it. And then it fell off followed by ES which duly fell down 1350. These are all false signals being filtered.

The Falconfx on EUR/JPY has not given any trade after the last neutralising signal at 103.3 which basically means we wait for an opportunity arise and stay away till then.
.

This is the first system on internet for forex and futures traders, which have the ability to filter false trades with such accuracy. And this may also be the first time that a indicator has been launched with a full support team 24 / 7 helping out its subscribers.

Am not sure anything else could be asked for.

Here is the Subscription link

Highly recommend both Gladiator and Falcon.

If you do decide to join the combined, we will be adding the CAD/JPY and AUD/JPY and AUD/USD Falconfx to your account free. These indicators are being setup and will be launched soon.

Capital3x

Before I call it a day, these are the setups I see as of mid NY session.

I also would like to share the incredible run we have been having in May: May Performance and Capital3x own Indicators

USDCAD is just below its key mid BB line and targetting .9952 levels as support via 100sma.

The ES daily charts are supporting at the three support lines in three days at 1340 / 45 zone. That is a strong support. A bounce from these seems to be leading this straight for 1380 levels which is where the daily mid BB lines stands.

On the hourly ES seems to have printed the biggest green candle in a some days. That should be enough to carry to the top of the range at 1362.

The hourly EJ is again at the hourly MA lines at 103.4. Once clear your longs should be targetting 104.

You need to be a sucriber with Captial3x Trading portfolio to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio.

You need to be a premium member to see the rest of the post and the above charts

1. The May Live Trade Sheet
2. The May Live Trade Room
3. C3X Performance FX portfolio
4. The Bond auction schedule can be found here: Bond schedule

The Indicator links are provided here:

1. Falconfx EUR/USD
2. Falconfx EUR/JPY
3. Falconfx USD/CAD
4. Gladiator ES

Mark

The Capital3x performance in May has been nothing short of extraoridnary. Our subs are laughing their way to bank.

Out of 24 Trades executed, 21 hit targets with just 3 stopped for a total of 801 pips and this is a new record of accuracy for us.

Capital3x has also launched its signals and indicators as a separate package. This we believe will transform the very way in which retail forex will trade in years to come. They have never been exposed to these kind of indicators which work off the very source of forex drivers namely the bond markets.

The two indicators we have launched are Falconfx (EUR/USD, EUR/JPY, USD/CAD) and Gladiator (ES SPX emini futures). These are primarily bond market indicators which alert the forex trader of impending moves.

For example: Falconfx trade on USD/CAD was triggered on 8 May 2012 at 8 am London time at .9940 and it has now bagged 120 pips as USD/CAD hits 1.006.

May 8 FalconFx triggers buy on USDCAD at 0.9940

The current picture onf Falconfx on USD/CAD is as follows:

Currently USD/CAD trades at 1.0025, up 85 pips in less than 48 hours. The latest signal is still long and hence we hold our positions in a our trading portfolio where the long USD/CAD stands at .9950 with an initial stop at .9925 which was later moved up to .9974 (trailing stop).

Other case studies
1: Gladiator ES 48 Hours
2. Falconfx and Gladiator on 8 May

You can Subscribe via: Subcription

So please come along as we continue to accept memberships for Capital3x at 2 levels:
1. Trading portfolio Membership: Allows you to view our Live FX and futures trade portfolio
2. Capital3x Indicator Membership: Allows you access to Capital3x bond market Indicators.

We also run a Live trade Room where we discuss our trades and also the Falconfx signals and Gladiator.
The Capital3x Forex portfolio is based on the Falconfx and Gladiator signals and therefore it makes sense yo subscribe to both.

 

 

Thank you
Mark
captial3x

Let me bring that incredible Falconfx on USD/CAD. The bird has ripped USDCAD apart with a 85 pips gain and still going strong.

On May 8, 8 am London time, the Falcon generated a buy signal as it crossed +1. Since then the Falcon has not even come close to closing the trade.

May 8 FalconFx triggers buy on USDCAD at 0.9940

The current picture onf Falconfx on USD/CAD is as follows:

Currently USD/CAD trades at 1.0025, up 85 pips in less than 48 hours. The latest signal is still long and hence we hold our positions in a our trading portfolio where the long USD/CAD stands at .9950 with an initial stop at .9925 which was later moved up to .9974 (trailing stop).

Other case studies
1: Gladiator ES 48 Hours
2. Falconfx and Gladiator on 8 May

You can Subscribe via: Subcription

Mark
Capital3x.com