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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03/15/2014 Yen buy signal

Posted on 10/24/2014 1:17:54 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 

 

 

 


KEEP AN EYE ON THE DOLLAR'S PARAMETERS FOR A DIRECTION AT THIS TIME.

Posted on 10/23/2014 7:55:14 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 

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 for the dollar index while lower closes for the British Pound, Euro Fx, Swiss Franc, Aussie Dollar. Japanese Yen and Canadian Dollar. While several of the currencies could be in possible bottoming formations, only the yen wasn't hurt by today's action in my opinion. The long term trends remain the same but the dollar has shown some signs of faltering lately. Continue to keep an eye on 8400 and a new contract high for the dollar looking for a breakout in either direction but the dollar remains in a possible topping mode. REMEMBER NOT TO ASSUME ANYTHING UNTIL THERE IS A CONFIRMATION OF A DIRECTION FOR ANY MARKET. JUMPING THE GUN CAN CAUSE YOU TO SHOOT YOURSELF IN THE FOOT WITH THAT GUN! If the dollar settles below 8400, then a much larger retracement down is more likely to happen. Conversely, the euro and franc area have forming possible bottoms but were hurt by today's action as mentioned above.. Watch 130 and 125  for the former and 107 along with 10350 for the latter which are important prices points in my opinion. The yen settled down but could be in a BULL PENNANT right now. Either way it has been in a consolidation pattern over the last week. I'm watching to see if it settled over 95 before I continue to look higher off the buy signal I have already given. Also, 91 looks important on the down side while there's not much resistance up to around the 9800 area. The Canadian Dollar still looks weak with little sign of turning around at this time while not helped by today's close. There's also good resistance starting around 89 and increasing significantly over 9050. Finally, the Aussie closed down and could also be in a possibly bottoming or in a BEAR TRIANGLE. In other words let's wait and see!BUY SIGNALS FOR THE JAPANESE YEN AND DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. 

 

 

 

  

 


KEEP AN EYE ON THE DOLLAR'S PARAMETERS FOR A DIRECTION AT THIS TIME.

Posted on 10/23/2014 7:55:08 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 

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 for the dollar index while lower closes for the British Pound, Euro Fx, Swiss Franc, Aussie Dollar. Japanese Yen and Canadian Dollar. While several of the currencies could be in possible bottoming formations, only the yen wasn't hurt by today's action in my opinion. The long term trends remain the same but the dollar has shown some signs of faltering lately. Continue to keep an eye on 8400 and a new contract high for the dollar looking for a breakout in either direction but the dollar remains in a possible topping mode. REMEMBER NOT TO ASSUME ANYTHING UNTIL THERE IS A CONFIRMATION OF A DIRECTION FOR ANY MARKET. JUMPING THE GUN CAN CAUSE YOU TO SHOOT YOURSELF IN THE FOOT WITH THAT GUN! If the dollar settles below 8400, then a much larger retracement down is more likely to happen. Conversely, the euro and franc area have forming possible bottoms but were hurt by today's action as mentioned above.. Watch 130 and 125  for the former and 107 along with 10350 for the latter which are important prices points in my opinion. The yen settled down but could be in a BULL PENNANT right now. Either way it has been in a consolidation pattern over the last week. I'm watching to see if it settled over 95 before I continue to look higher off the buy signal I have already given. Also, 91 looks important on the down side while there's not much resistance up to around the 9800 area. The Canadian Dollar still looks weak with little sign of turning around at this time while not helped by today's close. There's also good resistance starting around 89 and increasing significantly over 9050. Finally, the Aussie closed down and could also be in a possibly bottoming or in a BEAR TRIANGLE. In other words let's wait and see!BUY SIGNALS FOR THE JAPANESE YEN AND DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. 

 

 

 

  

 


NO UPDATE TODAY

Posted on 10/22/2014 7:25:40 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 

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 closes for the British Pound, Euro Fx, Swiss Franc and Aussie Dollar while lower for the Japanese Yen, Canadian Dollar and dollar index. Continue to keep an eye on 8400 and a new contract high for the dollar looking for a breakout in either direction but the dollar is in a possible topping mode at this time. These are the parameters I would use for now. If the dollar settles below 8400 a much larger retracement down is more likely to happen. Conversely, euro and franc area forming possible bottoms. Watch 130 for the former and 107 for the latter which are important prices areas in my opinion. The yen settled down also possibly bottoming but more difficult for me to read. It does look like it's in a consolidation pattern to move higher though. I'm watching to see if it settled over 95 before I continue to look higher off the buy signal I have already given. Also, there's not much resistance up to around the 9800 area. The Canadian Dollar still looks weak with little sign of turning around at this time. There's also good resistance starting around 89 and increasing significantly over 9050. Finally, the Aussie closed higher (best in 8 sessions) and could also be in a possible bottoming formation. Look for a close over 8860 to confirm this.  BUY SIGNALS FOR THE JAPANESE YEN AND DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. 

 

 

 

 

 


THE DOLLAR IS POSSIBLY TOPPING WHILE SEVERAL CURRENCIES ARE ATEMPTING TO BOTTOM

Posted on 10/21/2014 7:41:27 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 

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 closes for the British Pound, Euro Fx, Swiss Franc and Aussie Dollar while lower for the Japanese Yen, Canadian Dollar and dollar index. Continue to keep an eye on 8400 and a new contract high for the dollar looking for a breakout in either direction but the dollar is in a possible topping mode at this time. These are the parameters I would use for now. If the dollar settles below 8400 a much larger retracement down is more likely to happen. Conversely, euro and franc area forming possible bottoms. Watch 130 for the former and 107 for the latter which are important prices areas in my opinion. The yen settled down also possibly bottoming but more difficult for me to read. It does look like it's in a consolidation pattern to move higher though. I'm watching to see if it settled over 95 before I continue to look higher off the buy signal I have already given. Also, there's not much resistance up to around the 9800 area. The Canadian Dollar still looks weak with little sign of turning around at this time. There's also good resistance starting around 89 and increasing significantly over 9050. Finally, the Aussie closed higher (best in 8 sessions) and could also be in a possible bottoming formation. Look for a close over 8860 to confirm this.  BUY SIGNALS FOR THE JAPANESE YEN AND DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. 

 

 

 

 

 


NO UPDATE TODAY

Posted on 10/20/2014 6:34:47 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

 

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 closes for the Japanese Yen and dollar index while lower for the British Pound, Euro Fx, Swiss Franc, Canadian and Aussie Dollar. Continue to keep an eye on 8400 and a new contract high for the dollar which has been consolidating over the last week. These are the parameters I would use for now. If the dollar settles below 8400 a larger retracement down is more likely to happen. The euro and franc down trying to bottom but at least in a holding pattern at this time. Watching 127 for the former and 105 for the latter and where these currencies are right now, leads me to believe we will see a retracement rally for both with should prove negative for the dollar. If there are closes above those two price areas then retracements are possible up  to 129 and 107 respectively. The Yen had its best close since September 10th giving me a BUY SIGNAL and  doesn't have much resistance up to around the 9800 area. The Canadian Dollar still looks weak making a new CONTRACT LOW AND CLOSE.  I should have given this currency a sell signal back on September 26th. The pound also closed weak making its worst low and close since last November. Finally, the Aussie closed down but could still be in a bottoming formation.  BUY SIGNALS FOR THE JAPANESE YEN AND DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. 

 

  

 

 

 

 


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