Tag Archives: Forex Markets
A.M. Look 8/17/11
Today will be another very technical day of trading the stock indices and the bonds. In currency land the Swiss Franc is of most interest. Last night it made another attempt to breech 80 USD/CHF. Closing over this level would signal … Continue reading
A.M. Look 8/16/11
I have no great ideas this a.m., just a couple general observations: USD/CHF looks to need back over 79 USD/CHF ( app 126.75 futures) for the board to have a risk on footing. AUD/USD & EUR/CHF highs yesterday were both … Continue reading
S&P 500 Futures…SSO…AUD/USD
Any price action over 1197.75 today will be used to liquidate the rest of our longs. That’s right, although we may rally a further 20 points I am taking the money! 105.05-25 Aussie should prove troublesome the first time up as … Continue reading
A.M. Look 8/15/11
I have no great insight this a.m. I am just going to watch and let the day develop. Later in the London session we might get a hint as to witch way traders are willing to place bets going into tomorrows Sarkozy-Merkel … Continue reading
A.M. Look 8/12/11
Today will be another price action day. The overnight low in the Spu was a natural retest to the downside from a major technical resistance level. So far the re-test held. Now we will wait to see how the market … Continue reading
EUR/CHF…Technicals
107.70-108.20 is the first big Fib Zone. 109.50 is next.
EUR/CHF…Pattern Alert
A close over 105.22 is needed for an outside daily reversal pattern. I am watching this level to see if it correlates with an end to the general RISK OFF TRADE.
A.M. Look 8/11/11
The price action is pretty grim for the stock bulls. This weeks SPU low of 1097 is a 30% correction from the 2008 low. We could of course hold here, however my interest gets peaked 80-100 points lower in the … Continue reading
YCS…FXC
Currently we are short the Yen via ( Long YCS ETF) We will spread this up by buying the FXC ( Long Canadian Dollar ETF)@ the Mkt. “Currently trading around 103.20”
YCS…Short Yen Futures…Long USD/JPY
ETF guys can nibble going long YCS with a 30 cent stop. It’s currently trading around 13.86..The stop is below 13.50 intra day. Pro-Traders…timing and trade location are as previously discussed.