The Commodity Research Bureau's TrendTrader is Long Sterling, USD/YEN, Euro/Yen, Sterling/Yen, Aussie/Loonie and Short USD/Swiss, Euro/Sterling and Flat Euro. See full report below.
FX Open Position P&L Calculated in Points or PIPS.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
Forex Markets
The dollar index this morning is weaker with the dollar/yen -0.38 yen and the euro/dollar +0.11 cents. The dollar index yesterday gave back Wednesday's gains and then some as it finished the day sharply lower. Bearish factors included (1) reduced safe-haven demand for the dollar as the stock market ralled sharply on the US Q3 GDP report, (2) strength in the euro after hawkish comments from ECB Council member and Bundesbank President Axel Weber that "we won't wait until employment picks up or unemployment rates fall to tighten," and (3) the recommendation from Royal Bank of Scotland Group Plc that the euro's strengthening trend remains intact and investors should buy the euro when it weakens. Bullish factors included (1) the report from Market News International that the ECB will increase pressure on the US to strengthen the dollar at the upcoming Group of 20 meeting in Scotland, and (2) comments from Jean-Claude Juncker, leader of the Euro-Zone finance ministers, that con tinued gains in the euro are "unwelcome" and would hurt European exports.
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The CRB "TrendTrader" is one of the oldest and most respected market letters in the industry since 1963.
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CALL Jay: 312 506 8709
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB TrendTrader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 90 markets, including foreign exchange (FX), stock indices, exchange traded funds (ETF), interest rates, metals, energies, grains, meats and foods & fibers.
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
