Tag Archives: GBP/USD
A.M. Look 4/20/12
Energy contracts expire today. Both May Oil & NatGas stop trading today. We’ll start to pay attention to these instruments for opportunity. Euro…there are resting stops over 132.14. A close over this level puts in an ORH weekly pattern. EUR/JPY…is … Continue reading
Currencies
Pounds…just completed a 50% re-trace on today’s low on a major swing. Aussie… is probing support Brazilian Real….182 USD/BRL ish is where all the weekly Dollar resistance comes in. Oil…back into support… This says 2 things…Do not sell weakness in … Continue reading
A.M. Look 1/11//12
Crop report tomorrow…..grain and Grain names will be in play Spu’s…Our focus will be limited to 2 levels…1280 & 1259.. 1280 will be pivotal early. Gapping below for the pit session and failing to rally back over would be bearish.. … Continue reading
A.M. Look 10/10/11
Currency land…The Pound and Euro just hit macro resistance. This has been a big run up out of the gate last night, straight up. The current highs ,will need all new closing strength over these levels to start another leg … Continue reading
A.M. Look 10/6/11
Please re-read Monday’s and Wednesday’s A.M. look. The levels I write are static “they do not change” Keep them in Front of you! If you wear glasses, put a “post it” on your nose guard with the numbers on it. … Continue reading
A.M. Look 10/3/11
One of the main features of last Qtr were the outside reversals in the dollar against the Singapore Dollar, Aussie, Canada and Brazilian Real. These chart patterns were a reflection of Global DE-leveraging or better known as the “Risk Off Trade”. … Continue reading
Recap…Food For Thought
We’ve been bailed out by Greece? Truly frightening! Matches….the importance of matches! We try to paint a picture to illuminate the best set ups. Today you saw that, both the Bund and U.S. 30 Yr., achieved their near term tgt’s. The Sek … Continue reading
A.M. Look 6/23/11
I’ll say it now and get it out of the way, that was the shortest long term trade I’ve done in a long time ( JJG). Now new business.. We added to our core long precious metals holdings yesterday. Obviously … Continue reading
Price Action
EUR/CHF needs under 125.10 for more Euro weakness. Selling Euro,GBP, Aussie or Canada on weakness can prove hazardous to your equity. The Pounds,Canada,Aussie and EUR/CHF have all held for now. Today’s early A.M. lows matching Fridays lows are holding at … Continue reading