Tag Archives: Forex Markets
Metals…S&P 500 Futures…Spu
We’re long Gold and Silver Etf’s ( GLD & SLV) against our short Aussie. I would need to see the Silver back above 38.25 in the futures to hold onto this leg. There is massive selling of the Euro and … Continue reading
AUD/USD…Aussie Dollar
Let’s take another piece of our short Aussie off at the market. Making money and booking profits is good. Use a break-even stop on the rest.
Silver…Stock Indices…AUD/USD
Silver is set to re-test the Sunday low. 41.77-42.05 is the Keno level. We are not playing this time down and it is a level for only the nimblest of professional traders to monkey around with. A close below 41.77 … Continue reading
AUD/USD
Let’s get a starter position going SHORT Aussie @ the market! Keep in mind that you’re real stop is 80 points higher!
AUD/USD
Last night’s high in the Aussie basically completed a 40 year journey trading within ticks of the all time 2/3rd’s. As previously discussed, the Aussie has historically been a good risk indicator. Strong Aussie=strong equities. This is another piece to … Continue reading
A.M. Look 4/28/11
Red light …Green Light trading.. The Bonds aren’t breaking and the Fed seems to have the rates where they want them. My eyes just keep taking my focus to the Aussie and the 110.30 level which is THE major Fib … Continue reading
A.M. Look 4/27/11
Once again the global game of chicken with the Fed is being played out in the currency markets. It’s all about the Yen crosses! Yesterday’s close in the 30 yr Bonds was unchanged on the year, right where the Fed … Continue reading
A.M. Look 4/12/11
Yen Crosses…USD/JPY Posted on 04/07/2011 at 10:53 AM The yen futures double bottomed last night showing that the one way train in the yen crosses was very long in the tooth and a correction was afoot. The first area to … Continue reading
A.M. Look 4/11/11
Sometimes the best course of action is to watch. Our Bond trade is working, the stocks are a brutally hard trade with the Nasd continually failing at the 2350 level.In general all the commodities are very pricey. The one point … Continue reading
Yen Crosses…USD/JPY
The yen futures double bottomed last night showing that the one way train in the yen crosses was very long in the tooth and a correction was afoot. The first area to look to get some back on is off … Continue reading