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Daily Futures Commentary November 20, 2009
Friday, November 20, 2009
Lower global equity markets are helping to push the U.S. Dollar higher as investors shun risky assets for a second consecutive day. Traders began getting nervous earlier in the
week
after Fed Chairman Bernanke mentioned the level of the Dollar in a speech. This was followed by supportive comments from European Central Bank President Trichet who used a speaking opportunity to
announce his agreement with Bernanke and to try to talk up the Dollar.
The recent pace of the decline in the Dollar has been giving traders a clue that sentiment may be shifting. This shift started at about the same…
20Nov2009 | Brewer Investment Group | 0 comments | ContinuedDaily Forex Commentary for November 20, 2009
November 20, 2009
Euro Traders Sensitive to Efforts to Talk Up Dollar
The U.S. Dollar posted a strong gain versus major currencies on Thursday as investors pulled money out of higher risk assets and sought refuge in the safer Greenback. Recent weak
U.S.
economic data is making traders think twice about buying riskier stocks and commodities at the current lofty levels.
The EUR USD traded sharply lower early in the Thursday trading session but managed to erase …
20Nov2009 | Brewer Investment Group | 0 comments | ContinuedJay Norris Video Commentary November 19, 2009
Welcome to Jay Norris’ Forex Trend Maps, a recap of the Forex Markets daily, posted after 4:30 PM (CST). For more information, please contact Jay at 1-800-971-2154 or at
312-896-3986.
Click on the link below to view today’s charts and hear Jay’s analysis.
http://www.screencast.com/t/NjhhNWIy
19Nov2009 | Brewer Investment Group | 0 comments | ContinuedDaily Futures Commentary November 19, 2009
Thursday, November 19, 2009
The U.S. Dollar is trading higher against most major currencies this morning with the exception of the Japanese Yen. Easing in equity, gold and crude oil prices is sending a
signal
to
traders to lighten up positions and book profits after the recent decline in the Dollar. The inability to accelerate the Dollar to the downside is also contributing to the rally. Shorts seem to
have
pulled offers after the down side momentum started to flatten out.
The December Euro failed to take out $1.5000 which came as a surprise to traders. Yesterday’s rally in the Euro following comments from Luxembourg’s Juncker should…
19Nov2009 | Brewer Investment Group | 0 comments | ContinuedJay Norris Video Commentary November 18, 2009
Welcome to Jay Norris’ Forex Trend Maps, a recap of the Forex Markets daily, posted after 4:30 PM (CST). For more information, please contact Jay at 1-800-971-2154 or at
312-896-3986.
Click on the link below to view today’s charts and hear Jay’s analysis.
http://www.screencast.com/t/NGFkYjFjNjk
…
18Nov2009 | Brewer Investment Group | 0 comments | ContinuedDaily Forex Commentary for November 19, 2009
November 19, 2009
Dollar Loses Ground to Euro, but Finishes Mixed Versus Others
The EUR USD posted a sizable gain. Tuesday’s supportive comments from European Central Bank President Trichet were not enough to stop the Dollar’s slide today. Matters weren’t
helped
after Luxembourg premier Jean-Claude Juncker said that the Euro’s rally hasn’t hurt the Euro Zone recovery. This comment gave traders the green light to drive the currency higher. If upside
momentum
continues at the current pace, we could …
18Nov2009 | Brewer Investment Group | 0 comments | ContinuedDaily Futures Commentary November 18, 2009
Wednesday, November 18, 2009
Housing Starts Fall Unexpectedly; Treasuries Could Benefit
This morning it was reported that the Core CPI rose 0.3% while Housing Starts fell 10.6%. Treasury futures are trading a little lower after the news. A higher CPI number will be
an
indication of inflation which helps push interest rates higher. This will put pressure on the December Treasury Bonds and Treasury Notes. A sharp sell-off in the equity markets could trigger a
flight
to safety rally in the Treasuries. Both of these scenarios are possible today which means a two-side trade is likely. Watch for volatility. The surprise drop in the housing starts…
18Nov2009 | Brewer Investment Group | 0 comments | ContinuedDaily Forex Commentary for November 18, 2009
November 18, 2009
Dollar Manages to Hold on to Gains
The U.S. Dollar managed to close higher today despite late session attempts in New York to erase earlier gains. This is strong evidence that most of today’s rally was due to
short-covering rather than fresh buying. Comments from ECB President Trichet were supposed to show support for Bernanke’s comments from yesterday, but actually helped ignite the rally in the
Dollar.
Technically, the Dollar is oversold on the daily chart. This …
17Nov2009 | Brewer Investment Group | 0 comments | ContinuedJay Norris Video Commentary November 17, 2009
Welcome to Jay Norris’ Forex Trend Maps, a recap of the Forex Markets daily, posted after 4:30 PM (CST). For more information, please contact Jay at 1-800-971-2154 or at
312-896-3986.
Click on the link below to view today’s charts and hear Jay’s analysis.
http://www.screencast.com/t/ZjRiZjVkOWQ
…
Read More …
Daily Futures Commentary November 17, 2009
Tuesday, November 17, 2009
The U.S. Dollar is trading higher overnight based on oversold technical conditions. Yesterday’s comments from Fed Chairman Bernanke regarding the Dollar may also be triggering a
short-covering rally as well a position-lightening. The overnight action has not been sufficient enough to call for a change in trend.
Yesterday, Bernanke expressed concern for the Dollar, which was a surprise to some since the Fed Chairman rarely talks about the U.S. currency. In his speech, he said he remains
committed to a strong Dollar like the Treasurer usually says, but he failed to come up with a strategy to boost the greenback.…
17Nov2009 | Brewer Investment Group | 0 comments | Continued
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