Showing posts with label Currencies. Show all posts
Showing posts with label Currencies. Show all posts
Tuesday, January 29, 2013
Monday, November 5, 2012
Comments on Aussie Dollar
Attached is a 30 day chart of December Aussie Dollar (ADZ2).
We have maintained a short bias for several days with
little satisfaction and several brushes with stop levels. At
this point we will will tighten our stop-loss parameters to a
settle above 103.40.
As the dollar continues to benefit from
a "risk-off" trade, the Aussie has concurrently benefited from
better news from China, making the trade a wash...
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Thursday, November 1, 2012
More Thoughts on #Aussie #Dollar & #Euro
Attached is a daily chart of the December Aussie Dollar.
We maintain our short bias and will do so until it can settle above 103.70.
Tomorrow's NFP should be able to provide a significant push to currency pairs and provide more clarity.
102.60 remains our first objective on the downside.
December euro currency continues to compress to a tight triangle consolidation pattern and has potential to break out today or tomorrow.
We will look for a trade above 130.30 or below 128.70 as our signal to jump on the directional move. One thing that is important to remember is that price action immediately following tomorrow's NFP number may be a bit unreliable so we will dismiss as noise without further confirmation...good luck.
We maintain our short bias and will do so until it can settle above 103.70.
Tomorrow's NFP should be able to provide a significant push to currency pairs and provide more clarity.
102.60 remains our first objective on the downside.
December euro currency continues to compress to a tight triangle consolidation pattern and has potential to break out today or tomorrow.
We will look for a trade above 130.30 or below 128.70 as our signal to jump on the directional move. One thing that is important to remember is that price action immediately following tomorrow's NFP number may be a bit unreliable so we will dismiss as noise without further confirmation...good luck.
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If you trade any of CME Group listed Currency Futures contracts, you should send us a follow request thru http://www.twitter.com/HFT_Currencies
This free trial is open to all for the rest of 2012.
Tuesday, October 30, 2012
Updated comments on #Aussie #Dollar
Attached is a daily chart of December Aussie Dollar (ADZ2).
Chinese liquidity injections have provided a short
term tailwind for the currency. We will stick with the
short position stop out levels that we identified yesterday
which were a trade above 103.70 or a settle above
103.60.
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If you trade any of CME Group listed Currency Futures contracts, you should send us a follow request thru http://www.twitter.com/HFT_Currencies
This free trial is open to all for the rest of 2012.
Monday, October 29, 2012
More Thoughts on #Aussie #Dollar
Attached is a daily chart of December Aussie Dollar.
ADZ2 appears to be at the higher end of a
consolidation triangle and poised to
head toward initial support of 102.48 and possibly as low as 102.00.
We will consider a
short position at current level of 103.10 in anticipation of
this. A trade of 103.70 or a settle above 103.60, and we will stopped
out of our shorts. The trade surrounding 102.48 will be interesting, as we view it as a pivot point. If this levels gives with little fight, we would add to short looking for quick move to
102.00.
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If you trade any of CME Group listed Currency Futures contracts, you should send us a follow request thru http://www.twitter.com/HFT_Currencies
This free trial is open to all for the rest of 2012.
Friday, October 26, 2012
Thoughts on December #Canadian #Dollar
Attached is a chart of December Canadian Dollar.
In this morning's piece we mentioned an inflection point
and potential upside breakout in the Dollar Index. This does
not appear likely, at this point, causing us to believe that
the full-fledged Dollar rally is on hold.
However, we do believe
there may be an opportunity in Canadian Dollar. If CDZ2 settles
below
100.28 we will consider a short position as it looks like
a bear flag formation has been confirmed. Downside
objective is 98.50-60 with a
stop loss on settle above 101.00. Had the Dollar Index confirmed direction, or, if it does in the future, we will become more confident and add to the shorts in this
position.
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