Comments for April 19, 2011
Looking ahead to Tuesday by reflecting back on Monday’s trading
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors
SPOTLIGHT ON THE CURRENCIES
CURRENCIES: 4/19/11: Higher for the Japanese Yen and dollar index while lower for the Euro Fx, Swiss Franc, British Pound, Aussie and Canadian Dollar. The euro and franc are still in uptrends overall with the Euro making its worst low and close since April 5th but now in a support area. The franc had a more quiet session settling lower but no change technically. The yen had its best high and close since March 29th while now in a strong looking resistance up to the 12200 area. The Canadian Dollar had a huge range making its worst low since March 31st and lowest close since April 5th but remaining in a strong uptrend overall. The pound also had a large range settling lower(lowest low since April 5th) still in an uptrend overall. The Aussie Dollar also settled lower but still looks very strong overall while the dollar had a sharp rally making its highest high and close since April 7th while now at the beginning of a resistance area. BUY SIGNALS FOR THE EURO FX, SWISS FRANC, CANADIAN DOLLAR AND AUSSIE DOLLAR. SELL SIGNALS FOR THE JAPANESE YEN AND DOLLAR INDEX. CALL FOR DETAILS!
Historical Note
Since 1885, the New York Stock Exchange has been closed on Good Friday, every year except 1898, 1906 and 1907.
The Good Friday/Easter holiday trading schedule for US futures exchanges is at the Hot Topics page of my website, http://www.zaner.com/3.0/market_information/hot_topics.asp
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 or call toll-free (888) 281-4158.
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.