September Swiss Franc
Each evening we focus on the most interesting aspects for the upcoming trading day. The comments are based on observations of the nightly updates of the Futures and Market Bias pages. They are provided for educational purposes only and are not intended to be direct trading advice. Also, keep in mind that these remarks are made up to 12 hours in advance of the markets opening. Therefore, overnight events may alter the outcome of these observations.
At the time this is being published, the S&P Globex Futures are trading .90 points lower and the Bond Market Futures are trading up 4 ticks.
There are only two markets that look interesting to me tonight.
The September Swiss Franc [SFU9>SFU9], on the Pullbacks From Lows List, is a shallow consolidation that appears poised to resume its downtrend. Look for a shorting opportunity here.
Source: Omega Research.
The September Japanese Yen [JYU9>JYU9], still remains on all three Volatility Explosion Lists. Continue to watch for a larger-than-normal move as volatility reverts back to its mean.
Best of luck with your trading on Thursday!
Dave Landry
PS-Reminder: Protective stops on every trade!