HFT Bonds Daily Video Analysis with @GCavaligos December 14, 2012
Friday, December 14, 2012
Daily Update on Canadian Dollar by @JimIuorio
Attached is a 30 day chart of December Canadian Dollar.
Our current long bias remains in tact having missed our stop out level by 2 ticks on yesterdays close.
We will maintain our long bias with a stop out level below 101.40 on a closing basis.
On a trade above 101.78 we will increase our longs today.
The fundamental argument for Canadian Dollar has several different layers. China's strong numbers may have a positive effect on commodities and commodity currencies. Market may be looking for acceptable safe havens as Japan approaches an important election that will have enormous impact on the yen.
Have a great day,
JimIuorio
Thursday, December 13, 2012
HFT Bonds Daily Video Analysis with @GCavaligos December 13, 2012
Updated Comments on Canadian Dollar by @JimIuorio
Attached is a 50-day chart of December Canadian Dollar.
Unfortunately we took off half of our position before
the Fed announcement but, on the bright side, we are still
long. The Fed changed its language from "low rates through
2015" to
"low rates until unemployement rate below
6.5%."
This is strong language as any real labor market strength could be met
with increases in the participation rate. For this reason we
still have a long bias in canadian dollar. We would move stop
level on remaining position to a settle below 100.48.
Good
luck today,
Jim Iuorio
Wednesday, December 12, 2012
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