Tag Archives: Euro
JJG ETF
49.40 is the 200 day mvg avg in the JJG. We might not get into the better Fib zones which are lower. This trade could be a few weeks early but we have been waiting an awful long time to see … Continue reading
A.M. Look 5/11/11
The big game in town this week continues to be the shorting of the Euro against the metals and the commodity currencies. Day traders should pay particular attention to this SPREAD as legs get lifted at technical levels.(the metals being … Continue reading
Euro…SPU
143.14 represents a double bottom on the weekly maps for now. The next level down is 142.50 followed by 141.50. SPU needs under 1334-32 to show more weakness and the resistance is now 1345-6.
SDS…TBT
We will buy the SDS today on a 21.45 “stop close only” This would put in an outside reversal day to the upside and signal more equity index weakness. Use this as a hedge against any existing longs or just … Continue reading
Euro
There is a lot of focus on the Euro today after the ECB meeting. Just a reminder that 142.35 was last weeks close. Simply put you have to have closing price action under this level to have a chance at … Continue reading
A.M. Look 3/29/11
The Yen weakness is leading the Greenback higher across the board. I have been looking for this turn in the dollar off the qtrly close. 115.71 is the qtrly # for EUR/JPY to close above. Euro has been putting in … Continue reading
A.M. Look 3/28/11
The macro # sets have not changed in the Currencies or Oil from last weeks missives. We are paying close attention to the Metals and the Dollar this week, as it is Qtr end, to see if the Greenback can stage a … Continue reading
EURO
140.30-50 is a cover zone the first time in. Once fully breached you can expect the Euro to move in 80 pip increments. 139.30-60 is a very big closing area. Remember these are Cash #’s and the forward discount to … Continue reading