by Frank Pavilonis The Euro has seen a recent bounce, along with the U.S. stock market. However, I think the euro rally will fade given the still-shaky economic situation in the Eurozone. Overall, I think the trend is still bearish, but right now we are seeing a bit of a short squeeze. The debt crisis [...]
Aussie Dollar Benefits from Carry Trade, Improved Commodity Demand By Phil Streible The Australian dollar has pulled back a bit after a strong rally, and I think it’s an opportune time to set up an Aussie dollar debit spread, based on supportive technicals. There have been some signs of stabilization in the global economy, and [...]
Sell Euro Currency as Recession Retains Grip By Dennis Cajigas New Recommendations Sell the March euro currency at 1.2800 or better and risk the trade to a close above 1.3000. Take profits on a break to 1.2400 or lower. Buy the March euro currency 124 put at 60 points or less ($750 or less, not [...]
