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: 1/12/12 Higher closes for the U.S. dollar index while, conversely, lower for the Aussie dollar, Japanese Yen, Swiss Franc, Canadian dollar, British Pound and Euro Fx futures. The dollar made a new CONTRACT HIGH CLOSE and could be in a BULL FLAG looking like it will test its highs. The euro and franc continue to look very weak with the former making a new CONTRACT LOW AND CLOSE while the latter had its lowest close since the middle of February. The yen continues to trade between 128 and 131 keeping me on the sidelines until I see a breakout in either direction or a different chart pattern that we alter my game plan. The Canadian dollar has been in a trading range since the middle of October albeit a large one settling lower this time but around the middle of the above mentioned trading range. The pound continues to look weak and Aussie dollar strong overall with the former making a new CONTRACT LOW CLOSE. 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) 277-0107 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 (1/12)
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: 1/12/12 Higher closes for the U.S. dollar index while, conversely, lower for the Aussie dollar, Japanese Yen, Swiss Franc, Canadian dollar, British Pound and Euro Fx futures. The dollar made a new CONTRACT HIGH CLOSE and could be in a BULL FLAG looking like it will test its highs. The euro and franc continue to look very weak with the former making a new CONTRACT LOW AND CLOSE while the latter had its lowest close since the middle of February. The yen continues to trade between 128 and 131 keeping me on the sidelines until I see a breakout in either direction or a different chart pattern that we alter my game plan. The Canadian dollar has been in a trading range since the middle of October albeit a large one settling lower this time but around the middle of the above mentioned trading range. The pound continues to look weak and Aussie dollar strong overall with the former making a new CONTRACT LOW CLOSE. 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) 277-0107 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.