The CRB TrendTrader report is Long USD/Yen, Euro, Euro/Sterling, Euro/Yen, Sterling/Yen and Short Sterling, Sterling/Yen - Notice the Short open position PIP profit in Euro/Loonie and Euro/Aussie!
See full position report below.
Remember - day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
The CRB Futures Market Service is one of the oldest and most respected market letters in the industry since 1934.
Forex Markets
The dollar index this morning is higher with the dollar/yen -0.04 yen and the euro/dollar -0.71 cents. The dollar index yesterday dropped to a 1-1/4 month low but recovered most of its losses and finished only slightly lower. Bearish factors yesterday included (1) carry-over weakness following the Fed's post-FOMC statement on Tuesday that said interest rates will remain "exceptionally low" for an "extended period," which weakened the dollar's interest rate differentials, and (2) strength in the British pound against the dollar after Feb UK jobless claims unexpectedly fell by the most since 1997. Bullish factors included (1) comments from a German government spokesman that European Union finance ministers made "no decisions" on aid to Greece and that no such decision is likely at next week's EU summit, which casts doubt on solving Greece's debt problem and weakens the euro, (2) the action by the BOJ to double its 3-month loan facility lending program to banks to 20 trillion yen ($222 billion) from 10 trillion yen, which increases the BOJ's quantitative easing program and weakens the yen, and (3) comments from EU Economic and Monetary Affairs Commissioner Rehn that some European countries budget-deficit targets are unreliable as they may be basing their budget plans on overly-optimistic growth forecasts.
CLICK HERE: Special Offer: $99 3 Month Subscription.
CLICK HERE: Special Offer: $99 13 Week Subscription.
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 79 markets, including foreign exchange (FX), stock indices, interest rates, metals, energies, grains, meats, foods & fibers and exchange traded funds (ETF).
