Currency Futures Update

News & commentary on Currency Futures markets including the U.S. Dollar Index, British Pound, Japanese Yen, Swiss Franc, Canadian Dollar, Euro FX & more.

Currency Futures Update is a blog dedicated to bringing updates, news and commentary on currency futures markets including the U.S. Dollar Index, Euro FX, British Pound, Canadian Dollar, Japanese Yen, Swiss Franc and more.

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11/21/2014 $ index buy signal Euro sell signal

Posted on 11/21/2014 1:22:55 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

View my interplay updates and thoughts on other markets at http://larrybaer.com

SEE CHART 

 

 

 


WHAT DOES A HIGHER DOLLAR, EURO & FRANC TELL YOU? REVERSAL TYPE ACTION FOR THE POUND

Posted on 11/20/2014 7:20:31 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

INITIAL JOBLES CLAIMS.
REAL EARNINGS
EXISTING HOME SALES
CONSUMER PRICE INDEX

 

JUST SEND ME YOUR EMAIL ADDRESS AND TELEPHONE NUMBER IF YOU  WOULD LIKE TO FOLLOW ONE OF MY FAVORITE, PERSONALLY DEVELOPED TRADING TOOLS FOR ONE MONTH WHICH INCLUDES DAILY UPDATES. IF YOU CALL I WILL ALSO SEND YOU EACH DAY IN THE MORNING FOR ONE MONTH THE POTENTIAL SIGNAL(S) FOR THAT DAY. I DON'T THINK YOU'LL BE DISAPPOINTED

 

A little unusual but higher closes for the dollar index, Euro Fx, Swiss Franc and British Pound while lower for the Aussie and Canadian Dollar along with the Japanese Yen. The dollar has been consolidating over the last couple of weeks still unable to break out of its pattern leading me to believe that it might be too high. Of course the 'flight to quality' has fueled the dollar for quite a while withstanding any bearish news along the way. It's probably best to use a breakout above 8800 or below 8700 to get a sense of its direction from here. In other words stand aside for now. There's still little support down to 8600 and I also feel rates won't go up until after the next presidential election. Meanwhile, we can see downtrends across the board for this complex while the dollar does its thing.  The euro and franc had their best highs and closes in around two weeks yet the dollar still settled slightly higher. What does that tell you?  Of course, both remain in staunch bear markets. The yen just continues to look pathetic making another new CONTRACT LOW AND CLOSE fueled by recession worries in Japan. Meanwhile, the Canadian dollar  has been in a perfect looking downtrend since late August. its corrections looking like walking down a flight of stairs as seen below. Until today, the pound has started to plunge lower ending up with its worst low since Sept. 6th, 2013 before rallying to settle higher in reversal type action.  Finally, the Aussie dollar closed sharply lower looking like will soon test its low.BUY SIGNAL FOR THE DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, JAPANESE YEN, BRITISH POUND AND CANADIAN DOLLAR. 

 

 

 

  

  


WHAT DOES A HIGHER DOLLAR, EURO & FRANC TELL YOU? REVERSAL TYPE ACTION FOR THE POUND

Posted on 11/20/2014 7:20:23 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

INITIAL JOBLES CLAIMS.
REAL EARNINGS
EXISTING HOME SALES
CONSUMER PRICE INDEX

 

JUST SEND ME YOUR EMAIL ADDRESS AND TELEPHONE NUMBER IF YOU  WOULD LIKE TO FOLLOW ONE OF MY FAVORITE, PERSONALLY DEVELOPED TRADING TOOLS FOR ONE MONTH WHICH INCLUDES DAILY UPDATES. IF YOU CALL I WILL ALSO SEND YOU EACH DAY IN THE MORNING FOR ONE MONTH THE POTENTIAL SIGNAL(S) FOR THAT DAY. I DON'T THINK YOU'LL BE DISAPPOINTED

 

A little unusual but higher closes for the dollar index, Euro Fx, Swiss Franc and British Pound while lower for the Aussie and Canadian Dollar along with the Japanese Yen. The dollar has been consolidating over the last couple of weeks still unable to break out of its pattern leading me to believe that it might be too high. Of course the 'flight to quality' has fueled the dollar for quite a while withstanding any bearish news along the way. It's probably best to use a breakout above 8800 or below 8700 to get a sense of its direction from here. In other words stand aside for now. There's still little support down to 8600 and I also feel rates won't go up until after the next presidential election. Meanwhile, we can see downtrends across the board for this complex while the dollar does its thing.  The euro and franc had their best highs and closes in around two weeks yet the dollar still settled slightly higher. What does that tell you?  Of course, both remain in staunch bear markets. The yen just continues to look pathetic making another new CONTRACT LOW AND CLOSE fueled by recession worries in Japan. Meanwhile, the Canadian dollar  has been in a perfect looking downtrend since late August. its corrections looking like walking down a flight of stairs as seen below. Until today, the pound has started to plunge lower ending up with its worst low since Sept. 6th, 2013 before rallying to settle higher in reversal type action.  Finally, the Aussie dollar closed sharply lower looking like will soon test its low.BUY SIGNAL FOR THE DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, JAPANESE YEN, BRITISH POUND AND CANADIAN DOLLAR. 

 

 

 

  

  


NO UPDATE TODAY

Posted on 11/19/2014 7:52:52 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 PRODUCER PRICE INDEX

 

JUST SEND ME YOUR EMAIL ADDRESS AND TELEPHONE NUMBER IF YOU  WOULD LIKE TO FOLLOW ONE OF MY FAVORITE, PERSONALLY DEVELOPED TRADING TOOLS FOR ONE MONTH WHICH INCLUDES DAILY UPDATES. IF YOU CALL I WILL ALSO SEND YOU EACH DAY IN THE MORNING FOR ONE MONTH THE POTENTIAL SIGNAL(S) FOR THAT DAY. I DON'T THINK YOU'LL BE DISAPPOINTED

 

Higher close for the dollar index while lower for the Aussie and Canadian Dollar along with the Japanese Yen,  Euro Fx, Swiss Franc and British Pound. The dollar had its second highest close of its entire move and has been consolidating over its last eight trading session. While the rest of the currencies remain week, I feel like the dollar could be overbought or just too high which may be the reason it's in the pattern sown below. Still, this is and impressive bull market overall throwing aside any negative news along the way with 'flight to quality' remaining the same theme. On the other hand there's still little support down to 8600.  I also feel rates won't go up until after the next presidential election. Meanwhile, we can see downtrends across the board for this complex while the dollar does its thing.  The euro and franc, after making their best highs in over two weeks, settled down while having retraced higher over the last seven sessions but continue to look very weak overall. The yen just continues to look pathetic making a new CONTRACT LOW CLOSE which should be making the Japanese government happy since that what it wants.  Meanwhile, the Canadian dollar  has been in a perfect looking downtrend since late August. its corrections looking like walking down a flight of stairs as seen below. The pound has started to plunge lower ending up with its worst close since Sept. 6th, 2013.  Finally, the Aussie dollar also had its highest high in over two weeks before settling down. Since retracing higher it has struggled in a resistance area that it now finds itself in.  BUY SIGNAL FOR THE DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, JAPANESE YEN, BRITISH POUND AND CANADIAN DOLLAR. 

 

 

  

 

 


11/17/2014 $ index buy signal

Posted on 11/17/2014 1:06:02 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

View my interplay updates and thoughts on other markets at http://larrybaer.com

SEE CHART 

 

 

 


NO UPDATE TODAY

Posted on 11/17/2014 7:12:19 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 NEXT UPDATES NEXT WEEK

 

JUST SEND ME YOUR EMAIL ADDRESS AND TELEPHONE NUMBER IF YOU  WOULD LIKE TO FOLLOW ONE OF MY FAVORITE, PERSONALLY DEVELOPED TRADING TOOLS FOR ONE MONTH WHICH INCLUDES DAILY UPDATES. IF YOU CALL I WILL ALSO SEND YOU EACH DAY IN THE MORNING FOR ONE MONTH THE POTENTIAL SIGNAL(S) FOR THAT DAY. I DON'T THINK YOU'LL BE DISAPPOINTED

 

Higher close for the dollar index, Aussie and Canadian Dollar along with the Japanese Yen while lower for the Euro Fx, Swiss Franc and British Pound. The dollar had its second highest close showing little indication of slowing down and, in fact, looks like it could be in a bullish consolidation pattern. On the other hand there's little support down to 8600.  It's fairly obvious, mainly due to 'flight to quality' at this time that the dollar is going higher no matter what the fed says about interest rates. I also feel rates won't go up until after the next presidential election. Meanwhile, we can see downtrends across the board for this complex while the dollar does its thing.  The euro could be in a BEAR PENNANT along with the franc although the latter's formation isn't as clear to me. The yen just looks pathetic which should be making the Japanese government happy since that what it wants.  Meanwhile, the Canadian dollar (best high and close in 1 1/2 weeks) has been in a perfect looking downtrend since late August its corrections looking like walking down a flight of stairs as seen below. Finally, the Aussie dollar has retraced higher this week while in a heavy looking resistance area at this time. BUY SIGNAL FOR THE DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, JAPANESE YEN, BRITISH POUND AND CANADIAN DOLLAR. 

 

 

 

 

 

 


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