Showing posts with label Euro. Show all posts
Showing posts with label Euro. Show all posts

Monday, November 5, 2012

Comments on Euro Currency

Comments on Euro CurrencySocialTwist Tell-a-Friend



Attached is a daily chart of December Euro Currency (ECZ2).

There has been a clean breakout of the previous support levels around 128.30.

At this point we  would move our stop loss to a settle above 128.92.  Ongoing uncertainty could 
result in money moving into the U.S. Dollar and, so far, the Euro has been  the first to be cast aside. Oddly, the fiscal cliff, which would be negative to the U.S. economy, would benefit the Dollar because of the reflexive "risk-off" habit of market participants.                                          
                                                               
                                                               
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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.                                                                
                                                               

Friday, November 2, 2012

More on #Euro #Currency by @JimIuorio

More on #Euro #Currency by @JimIuorioSocialTwist Tell-a-Friend
Attached is a daily chart of December Euro Currency Futures (ECZ2).
          
As per yesterdays post, we have a short bias in Euro that began below 128.70.  Stop-loss level will be a settle above 128.95.  The initial downside objective will be 128.10. 


At this level, if it appears that the market will hold, we would cover some of position.  If the level breaks quickly we would add to shorts below 128.00. 



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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.                                                            

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.                             
                                                               
                                                               
                  

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