88.25-50 USD/CHF ( app 113.25 Sep Futures) This is 2 year FIB area that represents support for the Swiss and a trouble zone for Dollar bulls the first time in. Euro..Monthly stops should lie @ app 138.37. The first 2 … Continue reading
In a world where every trade is the same trade you can pick your poison. There is always another surrogate trade or low risk alternative once the board changes from Risk ON to Risk Off. Friday into last night was … Continue reading
The board has a decidedly “Risk On” bent this A.M. Let’s see if this can continue for a couple of days. EUR/CHF & USD/CHF are key features of last night’s movement. Suisse has just retested Friday’s low of 122.64 Futures ( 81.58 … Continue reading
That should be it for the Swiss weakness for now..IT NEEDS TO SET UP AGAIN All new Dollar strength over 81.60 ( weakness under 122.60 Futures) is needed for another move to 120.50 futures ( 83 USD/CHF)
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
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
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
Matching up the pieces of the puzzle. 82.75-90 USD/CHF will be dollar resistance the first time in. This is app 120.60-70 ish in the Futures. This level should match up fairly well with the Gold around 1575. Any short term … Continue reading