Thursday, October 4, 2012

More Thoughts on Canadian Dollar #Currency #Futures by @JimIuorio



Yesterday I was looking to be short and, although that position was a small
winner, I am much less convinced today.


My concern is that equity markets may move higher and give off a "risk on" signal
that will weigh on the U.S. Dollar.


If I was short CDZ2 I would stop out above yesterdays high of 101.47...Back to the drawing
board today in search of something that will have a bit more follow thru...