What’s Up, What’s Down: Currencies and Cattle in the Spotlight

Comments for Friday, August 27, 2010

Looking Ahead to Today by Reflecting Back at Thursday’s Price Action

Futures and options trading is speculative in nature and involves substantial risk of loss.  Futures and options trading is not suitable for all investors.


Higher closes Thursday for the Swiss Franc, British Pound, Aussie and Canadian Dollar, British Pound and the Euro Fx while lower in the dollar index. The franc made its highest high and close since the middle of January 14th while the euro also closed higher. The euro/franc spreading was about even but, long term, has been greatly in favor of the franc. The yen settled higher and now in a larger BULL PENNANT while the Canadian Dollar also closed higher but still nearer the lower end trading range started in May. The pound closed higher breaking out of a small bear pennant to the upside still in a long-term uptrend but acting a toppy. The Aussie Dollar also closed higher while looking toppy while in a long-term uptrend. The dollar settled lower this time but still close to a buy signal. BUY SIGNALS FOR THE BRITISH POUND, SWISS FRANC, AUSSIE DOLLAR, AND JAPANESE YEN. SELL SIGNAL FOR THE EURO FX AND DOLLAR INDEX. CALL FOR DETAILS!

British Pound Chart

US Dollar Chart


Higher closes Thursday for live and feeder cattle while lower for lean hogs. The cattle still has a DOUBLE TOP in place but has been in a very strong uptrend along with the feeders since June and May respectively. Hogs settled lower again now looking toppy with its lowest low and close in seven trading sessions. BUY SIGNALS FOR THE LIVE AND FEEDER CATTLE. CALL FOR DETAILS!

Live Cattle Chart

Feeder Cattle Chart

Lean Hog Chart

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Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.

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