Ranges in Play: Points and Levels for 10/9/2008
The most notable levels that got hit from yesterday ‘s post were: EUR sell at 1.3735, GBP buy at 1.7270 and CHF buy at 1.1220. If used in good judgment it was a strong day
Category: Forex and Futures Commentary
Points and Levels for 10/7/2008
Tuesday, October 7, 2008, 1.24 am EST Recap from yesterday: We posted a trade yesterday for a GBP long, which got taken out rather quickly on news of the US Fed offering approximately double the
Points and Levels for 10/6/2008
Monday, 10/6/2008, 2.36am EST Main points tonight: -Everyone is running away from risk tonight – UJ and carry pairs falling off the map as the carry trade holding onto little value. Japanese investors appear to
Points and Levels for 10/3/2008
New site, new format tonight. I know you’ll like it better, so here we go: Main points: -EUR got slammed yesterday after Trechet said the words “economic growth is slowing” – before that we were
ECB Draining 200bb Euro Today, Bailout Almost There
Dollar demand is heavy again tonight driven by climbing Libor rates and optimism concerning the bailout plan (I know, we’re all tired of hearing about it). But mainly, it’s the need for dollar funding that’s
Largest Single Day Drop in the History of EUR/USD
There is just too much news to talk about tonight in depth so I’ll give you the key points: -S&P 500 up 5.27% today on optimism that the $700bb bailout plan will go through, recovering
Bailout Resolution in Sight – Dollar Becomes the Next Victim
Bailout resolution hopes are initially seeing a stronger dollar tonight, as discussed in the last update. In the greater scheme, looking for continued dollar weakness in light of these deteriorating conditions and an expected increase
Another U.S. Bank Bites the Dust/Bailout Lingering – How it will affect the currencies
Big news out tonight is the JP Morgan acquisition of Washington Mutual here in the U.S. , but for some reason Lindsay Lohan’s coming out of the closet announcement is still getting more hits on
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