Tag Archives: USD/CAD
A.M. Look 6/1/12
The past 2 unemployment reports have marked a high in the Stock Indices and a low in the Bond Futures. Unemployment Fridays always become big inflection points for the Gold & Silver, generally marking significant highs and lows on increased … Continue reading
A.M. Look 5/30/12
Crude Oil Futures…89.17 is the hold # and downside pivot. AUD/JPY…76.85-77.00 is the hold level and downside pivot. USD/JPY…stops lie just under 78.99 with the 200 day @ 78.62 (127.19 Futures). Euro…is getting oversold on the shorter time frames. This … Continue reading
A.M. Look 5/23/12
Crude Oil…only a recovery and a close over 92.45 is positive. Just below 90 is the next level to potentially trap new shorts. Metals…Platinum and Gold need to hold the lows seen last night to avoid more selling. Platinum is … Continue reading
General Notes
It’s going to be easier to technically trade the individual names than the stock Indices, particularly if you want to bottom fish for a rebound. I’m headed out the door! Gold..1610 ish will be a big hurdle zone. Should be … Continue reading
A.M. Look 5/17/12
Rallies to nowhere. Sell rallies not breaks until this plays out. The patient Day trader will be able to make money from both sides of the market. We’ll look around the board this A.M. to see if there are any … Continue reading
USDCAD | Canadian Dollar
USDCAD is up against the 200 day Mvg Avg.@ 100.55.( 99.43) is the corresponding Futures level. Pay attention to this level for reactions off the currency crosses as well as contributing to oversold rallies in the equity indices. This will … Continue reading
Nasd 100 Futures
We’re not going to honor the ORL daily pattern in the Nasd 100 today. Given Friday is the Qtr’s end, and we think you could see some residual positive capital flows into early Monday, we’ll wait until tomorrow to determine … Continue reading
A.M. Look 3/2/12
Stock Indices…are the tail end of the dog. The trade is terrible with the same grinding action. We have a weekly swan dive that is short lived. The opportunity is in the underlying instruments. Seemingly, everyday the dance partners change … Continue reading
A.M. Look 2/29/12
LTRO was a big yawn… The commodity currencies are leading the crosses this A.M. USD/CAD…a close under 99.06 USD/CAD is needed for an ORL week. ( over 100.90 H Futures). 99.29 USD/CAD ( 100.69 H Futures) is where the 50 … Continue reading
Trade Alert..Canadian Dollar…USD/CAD
Close all Long Canadian Dollar positions @ the market….That means Futures as well as Short USD/CAD