Euro…We’ve seen a big rejection in both the Bunds and the U.S. 30 yr Bonds. Lower Bonds = lower currencies against the Dollar. A close today in the Euro below 129.70 is a sell on our work. A close below … Continue reading
The Euro, Suisse and Canada are all attempting ORH weeks. Completion of these patterns portends a further weakening of the Dollar and more Risk On. Presently this has kept a lid on the Metals. We do not think this short … Continue reading
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
This chart is Long Canada/ Short Swiss franc.. While the short term charts show that selling Euro & Swiss weakness is problematic, buying hard breaks in the Canada or the Aussie against shorting the Euro & Swiss looks like this … Continue reading
Re-Post From 9/6/11 Obviously last night the Swiss screwed the most amount of traders it could. Let’s take a step back and see what this cross really has to do to change course.122 is unchanged on the qtr.( last night’s … Continue reading
Our whole portfolio is skewed Long Equities. This is one big reason we took a small short in the Euro. The dollar has been seeing inflows as the world equity markets have sold off. The better level to sell the … Continue reading
Obviously last night the Swiss screwed the most amount of traders it could. Let’s take a step back and see what this cross really has to do to change course. 122 is unchanged on the qtr.( last night’s high). Big … Continue reading
117.76-118.04 will be an important pivotal level in this cross. This is a re-test of last months outside reversal monthly level.
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