The currencies have tested some very pivotal levels. GBP/USD rejected the reversal monthly close of 156.50 USD/JPY has a short term double top at 84.40 on the daily maps The Aussie tells me nothing yet, however we will add to … Continue reading
Those that are bullish dollars can try and sell the euro here with a 25 point stop over today’s high. Trade location and risk management….This is as good a level as any for today.
Just a few observations: The spu’s are caught between 1197-1202 on the downside and need a close above 1224 to get anything going on the upside. Currencies…I do not envision any follow through dollar weakness until after the G20. Politics … Continue reading
Yesterday was a day of outside reversal lower closes in so many asset classes I can’t keep up. Corn,Wheat…Silver ..Gold…Depending which chart ( all sessions or Pit) Spu to name a few. Then there are the miners and the list goes … Continue reading