Tag Archives: Forex Markets
Position Update…General Comments
Many of you have lightened up your exposure. TLT…Longs were originally paid for by selling partial positions just over 120 on Monday. We’ll adjust the stop on the remainder in the A.M. MCP…You should have no position left. We originally … Continue reading
AUD/JPY…Pattern Alert
Risk On Barometer 81.80 was last weeks close. A close today over 81.60 puts in an ORH day. This would be a price positive pattern..
A.M. Look 1/30/12
We’re still looking at a range bound technical picture in the U.S. Indices. Price action under 1300-02 SPU is needed for any downside to materialize. Given tomorrow is month end, we are likely to hang around these levels unless we … Continue reading
A.M. Look 1/27/12
AUD/USD…Short term Cash & Futures guys that are involved with this recommendation from yesterday, you’re stopped out if you left the order at break-even. 106.08 ( H Futures) was yesterday’s IMM opening (App 106.70 cash). If you’re still involved, this is … Continue reading
General Risk Comments
1312 ish should be a tough level in the SPU’s 1st time in. A lot of individual stocks are giving all their gains back from yesterday. We chose the Aussie short today as the trade Du Jour early showing the … Continue reading
Risk Trades…MCP…Aussie Dollar
Resistance in the Aussie is definable…107-107.22 AUD/USD …Long Aussie = Long Equities… Shorter Term traders should be trying the short side of the Aussie here with a tight stop. MCP.. a close above 30.45 is needed for an ORH week…this … Continue reading
A.M. Look 1/26/12
Deja vu…shades of last year…”your cash ain’t nothing but trash” A creeping equity market fueled by a devaluing dollar and a chase for high yields, with money looking to buy cheap dollar denominated assets. The result is the same as … Continue reading
Yen…USD/JPY
The 200 day in the yen futures comes in app 127.50 (H) USD/JPY level is app 78.45 + a small wiggle of a few pips for the forward. This will be a level in the straight Yen to watch for … Continue reading
A.M. Look 1/25/12
The levels we’ve been using this week have not changed. Currencies…it’s the Yen crosses which have been the feature. EUR/JPY, AUD/JPY looking a little tired on the daily charts. Bunds…show a double bottom on the daily @ 137.18. OIL…98.15 is … Continue reading