Tag Archives: Forex Markets
A.M. Look 3/28/12
AUD/JPY…just tried unchanged on the week @ 86.22 and held. AUD/USD…is flirting with it’s 200 day @ 104.07….Both of these instruments have to sustain under the overnight lows for more Risk Off. Euro…show me something over 134 or under 133 … Continue reading
The Usual Suspects
USD/JPY…83.50 ( app 119.70-80 M Futures) becomes the key closing pivot for more Dollar upside vs. the Yen. XLE…is a good alternative to trading the Oil Futures…If you’re bullish the Oil we’d use a 72.20 intra day as a stop. … Continue reading
A.M. look 3/23/12
The interesting weekly chart patterns are in the OIH and the XLE ( Oil derivatives). They’re both putting in ORL weeks,however they are both getting into technical areas where we would entertain going long again. We’ll put these two on … Continue reading
A.M. Look 3/22/12
Is the sky falling? I wouldn’t get too wound up about it just yet. The current price action around the board in the Currencies,Bonds and Equities Indices are typical for this week going into the end of the qtr. 30 … Continue reading
A.M. Look 3/20/12
Today will bring the 30 Yr. bonds into the spotlight with futures expiration. We witnessed a big day trade in the Swiss,Euro and Aussie yesterday, which we have NO position in after our stops were elected last night. The board … Continue reading
Aussie…Trade Alert!
We’re buying a small Long position in the Aussie @ the market. Risk is app 30-40 points. Cash needs to maintain over 105.45 ish. Game Plan… We’re looking for an initial 100 points. We will take 80% of our profit … Continue reading
A.M. Look 3/19/12
We are in wait and see mode early. Today, Currency futures expire @ 9:15 CDT. 30 yr Bonds (H)…138.16 is the 200 day ( early resistance). We’re looking for these to have a rally this week, but Wednesday could be … Continue reading
Yen ( Pit)…Pattern Alert
A close over 120.23 puts in an ORH. App ( 83.17 USD/JPY) Sustained Price Action over this level will lead to a test of 121 for a start. ( app 82.65 USD/JPY) Caveat….The cash and all session futures charts DO … Continue reading
A.M Look 3/15/12
The directional moves in the currencies are tired. USD/JPY moved 8 figures is 6 weeks. This is a typical big standard deviation move before some digestion needs to take place to telegraph another move. For me, this is the one … Continue reading
Yen…Euro Trade Alert!!
I’m looking for an 84.00 USD/JPY print ( app 118.95 ish H Futures) Yes!!!.We’re taking our money around the 130 level in Euro Today….Closing Trade. Sure, it can go farther. Monthly stops start @ 129.75 thru 129.59, which is unchanged … Continue reading