Tomorrow is month end and a very broad part of the board has big changes afoot. The following is a list of the outside reversal monthly closes across key currencies and related country ETF’s. Euro…. 136.17 USD/JPY…. 84.00 USD/NOK.. 595.88 … Continue reading
Food for thought.. Sunday night brings us to another episode of Full Moon Trading. Once again a good part of the world gets out their Ouija boards and decides which way they want to place their bets. Simply put, it’s … Continue reading
119.33 Dec. Futures = app 83.80 Usd/Jpy This is an excellent level to take another piece of your Yen off the table.. This is the time of day to Not press directional flows.
Bonds…The bonds have telegraphed and led the moves in the currencies.. Higher Yields = Higher Dollar… yesterday we alerted you to the significance of the Bond futures low and to take some money off the table..Money is good! When a move is this swift … Continue reading
Current positions Short Euro / Long Gold Short Yen ( Long Usd/JPY) Short bonds ( long TBT) Long emerging markets This a.m. we’ll be paying attention to the Euro at 136 (short term tgt support) and the Gold closing stop of 1355. Remember we legged … Continue reading
The Yen is now getting interesting. 84.80 USD/JPY ( app 117.90 futures) is the general level to watch. This is the yearly Dollar low area and high in the futures. This matches the last years Dollar low area. Watch for … Continue reading