Showing posts with label Dollar. Show all posts
Showing posts with label Dollar. Show all posts

Monday, November 19, 2012

Update for Our Aussie Dollar Position

Update for Our Aussie Dollar PositionSocialTwist Tell-a-Friend

Attached is a 40 day chart of December Aussie Dollar.

On Thursday, we initiated a short bias at 103.06.  Compromise on the "Fiscal Cliff" issue has outweighed Middle East tensions and opened the door to "risk on."  This has provided a tailwind to the Aussie Dollar.  If ADZ2 settles above 103.70, we will abandon our short bias.

Thursday, November 15, 2012

Comments on #Aussie #Dollar

Comments on #Aussie #Dollar SocialTwist Tell-a-Friend



Above is a daily chart of December Aussie Dollar futures.

Since early October the Aussie Dollar has benefited from the perception that China was poised for a significant rebound.  It appears now that the confidence has been shaken. Yesterday's outside day down followed by additional weakness today, suggests further downside. 

We will consider shorting Aussie now (103.06) with an initial target of 101.90. A settlement above 103.65 will stop us out.  Good luck....Jim                 
                                                               
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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, November 5, 2012

Comments on Aussie Dollar

Comments on Aussie Dollar SocialTwist Tell-a-Friend



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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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.                                                                
                                                               

Thursday, November 1, 2012

More Thoughts on #Aussie #Dollar & #Euro

More Thoughts on #Aussie #Dollar & #EuroSocialTwist Tell-a-Friend



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.                                        

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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

Updated comments on #Aussie #Dollar SocialTwist Tell-a-Friend



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

More Thoughts on #Aussie #DollarSocialTwist Tell-a-Friend
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.
                                                               
                                                               
                                                               
 

Wednesday, October 24, 2012

Thoughts on #Aussie #Dollar

Thoughts on #Aussie #DollarSocialTwist Tell-a-Friend



Attached is a daily chart of ADZ2.

Yesterdays weak close triggered a sell signal in Aussie Dollar.  Stronger than expected economic data from Australia has made that a painful position at the moment.  We would now set 
our stops at 2 separate levels.  If ADZ2 trades above 103.00 we would stop out of half of position and if ADZ2 trades above 103.40 we would stop out of balance....

A side note is that we like to see a little time above the stop level before we pull the trigger in order to avoid an algo head fake where stop hunting programs attemp to flush weaker hands..                
                                                               
                                                               
                                                     

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