Trade Updates
As we approach Friday we have some weekly option positions we need to address. We are taking in over $800 in profits on this weeks trades.
ETF
EURUSD Forecast June 5, 2014, Technical Analysis
The EURUSD pair fell during the session on Wednesday, as we simply grind away in the current area while we await whatever it is that the European Central Bank has decided.
Canadian dollar under pressure on June futures
In my post of 28th May I suggested that the Canadian Dollar was approaching a key turning point as it was heavily overbought as displayed on our daily currency strength indicator on the left. Since then, the currency has indeed been selling off and for evidence of this we need to look no further than the CAD/USD June futures where this price action is clearly reflected.
EURUSD Daily Analysis – June 4, 2014
EURUSD moved sideways in a narrow range between 1.3586 and 1.3668.
USDJPY Forecast June 4, 2014, Technical Analysis
The USDJPY pair initially fell during the session on Monday, but as you can see ended up bouncing enough to form a hammer by the end of the day. This hammer of course suggests that the markets going to go higher, and as a result we believe that the move higher should continue to the 103 level at the very least, as it is the next major resistance area.
Traders and investors continue to climb the wall of worry
As equity markets continue to ‘climb the wall of worry’ and with so many market commentators predicting the imminent collapse of the current bull run, this may be a good time to take a more dispassionate view based on the two leading technical indicators traders and investors have, namely volume and price.
Trade Alert – New Position – DXJ
Option Alert Service Signal New Trade Suggestion
Trade Alert – New Position – DXJ
Option Alert Service Signal New Trade Suggestion
Company Roundup: WebiMax, Marathon Data, Checkpoint and Hudson Fiber Network
Bruce Flitcroft, CEO of Alliant Technologies, a growing tech company in Morristown | Courtesy Alliant Technologies WebiMax: Mount Laurel-based WebiMax, a digital marketing agency, said it is moving to the Ferry Terminal Building on the Camden waterfront…
China accelerates as euro zone stumbles
Signs of an economic revival in China have raised hopes that Beijing’s targeted measures to bolster growth are having an impact but a slowdown in the euro zone will increase expectations of policy easing there.