102.27-39 is where the intermediate support and stops line up. Again the big macro stops are around 102 AUD/USD. With the rate cut, the forwards have moved in. The futures are trading an app. 46 point discount to cash. We … Continue reading
“How can you wake up in the morning and have nothing to say?” Lyrics…slightly corrupted from “Angel From Montgomery” It might be May Day, but as of now, looking around the board, I’d vote for a 5 day Cinco De … Continue reading
104.60 seems to be the important level in the Aussie..Above,looks like there is another 80 points. You’ll need more equity strength for this to happen. 12:30 Strength in the Equity Indices should not be faded.
Here we are, right back to last week’s low in the Equity Indices. Looking at the board, most every trade is the same trade. It’s a “Risk Off” Look. AUD/JPY…EUR/JPY…SPU/BONDS…DAX/BUNDS NASD 100…mid 2630’s will be support and a possible bear … Continue reading
They say a picture is worth a thousand words…
We’ve seen a contra-trend trade into resistance in the Spu’s,Aussie,Euro, and Yen Crosses as well as the the commensurate re-test lower in the Bunds & 30 Yr. Bonds over the past 2 sessions. Now What? Spu’s..let them be your guide … Continue reading
Close out the Short AUD/USD @ the market. The main reason is that it’s not in the money and we could see some position squaring going into London’s close.
Welcome to this months episode of Full Moon Trading… Today into tomorrow will be important. Friday, the only ones able to trade the unemployment data will be Futures Traders. Both European & U.S Equity markets will be closed at the … Continue reading
CASH & Futures Traders We’re Selling the Aussie @ the market. This is a starter position of 25%. The Risk is 80 points!!!! Trade size according to your risk tolerances. We’re looking for 2-300 points if we are correct. We … Continue reading