Daily Market Intelligence 5-9-17
Gold..today’s ORH # is 1236. Euro…needs sustained and closing price action below 109.48 ( today’s ORL#) for lower. Euro Currency Futures..EU6M7 currently trade @ 20-22 ticks over Cash. I write cash levels. Both the Euro & Swiss have retested the … Continue reading
Daily Market Intelligence 5-1-17
Waiting on the ECB and more earnings. Euro..200 DMA is @ 108.36 a level that should bounce the first time down. The early show will be run off the 7:30 CDT press conference. The latter part of the day will … Continue reading
10 Yr. Bond/Bund..Long U.S./ Short German 10’s. This spread is sitting right on it’s 200 DMA. The moving averages have been a fair indicator as to Euro direction. When the spread was at the Aqua line, its 50 DMA, April … Continue reading
Euro…108.38 is today’s 200 DMA. Sustained price action below 108.20 puts Euro back into its trading range. Dollar traders should exercise a little patience Spu’s…trading near the top of its recent 50 point range. Let the U.S. session open up … Continue reading
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