Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
By: Rick Alexander, senior broker at Zaner Group.
CURRENCIES: 1/11/12 Higher closes yesterday for the Aussie dollar, Japanese Yen, Swiss Franc, Canadian dollar, British Pound and Euro Fx futures while lower for the U.S. dollar index but no changes technically that I can see. The dollar followed through lower after Monday’s reversal type action but still looks very strong overall remaining in an uptrend since the end of October. There is good support around the 7900 area. The euro and franc continue to look very weak overall but did settle higher like the rest of the currencies. The yen closed higher once again and I’ve been standing aside looking for a breakout above 131 or below 128 since it has been in that range from the beginning of October except for a one time! The Canadian dollar has been in a trading range since the middle of October albeit a large one settling higher again and now at the upper end of the above mentioned trading range. The pound continues to look weak and Aussie dollar strong as seen below although both settled higher. For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription. BUY SIGNALS FOR THE AUSSIE DOLLAR AND U.S. DOLLAR INDEX FUTURES. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. CALL FOR DETAILS AT (312) 277-01076 OR EMAIL ralexander@zaner.com!
Rick Alexander
(312) 277-0107
ralexander@zaner.com
Zaner Group
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
Rick Alexander’s Currency futures commentary (1/11)
Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
By: Rick Alexander, senior broker at Zaner Group.
CURRENCIES: 1/11/12 Higher closes yesterday for the Aussie dollar, Japanese Yen, Swiss Franc, Canadian dollar, British Pound and Euro Fx futures while lower for the U.S. dollar index but no changes technically that I can see. The dollar followed through lower after Monday’s reversal type action but still looks very strong overall remaining in an uptrend since the end of October. There is good support around the 7900 area. The euro and franc continue to look very weak overall but did settle higher like the rest of the currencies. The yen closed higher once again and I’ve been standing aside looking for a breakout above 131 or below 128 since it has been in that range from the beginning of October except for a one time! The Canadian dollar has been in a trading range since the middle of October albeit a large one settling higher again and now at the upper end of the above mentioned trading range. The pound continues to look weak and Aussie dollar strong as seen below although both settled higher. For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription. BUY SIGNALS FOR THE AUSSIE DOLLAR AND U.S. DOLLAR INDEX FUTURES. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. CALL FOR DETAILS AT (312) 277-01076 OR EMAIL ralexander@zaner.com!
Rick Alexander
(312) 277-0107
ralexander@zaner.com
Zaner Group
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.