like you my colleagues at exane also told me that few month ago because of M3, growth, wages, and anticipated inlfation. It is an interesting point of view but
Be cautious with EW we are seing a turning point on AUD and NZD that's why markets participant favor EUR and GBP on long term invest.
I told you few month ago that eur will be at 1.40 and cable 1.65 then 1.70 not only because european crisis is out (and we will see european crisis end this month) but also because of QE2 in USA+++ WORL INFLATION
there are a number of barrier/knockout options above the 1.40 level, probably around 1.41 09:14:23 : if triggered, would cause a rally as market makers need to replace the gamma
OPTIONS PLAY: Euro Currency Futures Break Out Wednesday, March 02, 2011
by Matt McKinney of Zaner
TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.
OPTIONS PLAY: Euro Currency Futures Break Out
The EURO CURRENCY futures made a break out to the upside piercing strong resistance (3/2/11).
MY ANALYSIS
Fundamentally, according to Hightower Reports, the EURO ZONE reported a PPI number that was significantly higher than expectations and is the highest monthly gain on record (3/2/11) .
Technically, I see EURO FX FUTURES in a SUPER TREND higher as the 9 day MOVING AVERAGE has crossed over the 20 day MOVING AVERAGE as the indicators are both pointing higher and the market is trading above them. In my opinion, for this trend to stay higher and for the BREAK OUT to remain intact the market must close above the highs of the previous 3 days. See daily chart below. Additional charts, studies, and commentary can be found athttp://markethead.com/2.0/free_trial.asp?rid=McKinney
OPTIONS PLAY
BUY APRIL CALLS OR CALL SPREADS OR SELL PUTS OR PUT SPREADS
When we buy call spreads we also look to buy a put in a 3 to 1 ratio to help if the market makes a major correction to the downside.
EMAIL ME FOR SPECIFICS ON STRIKE PRICES, PREMIUMS, AND RISK
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
Gold and USDJPY
Weaker than expected CPI is expected to help gold and drag on USDJPY until this evening's Fed decision/press conference..
View Hot-Chart..
it is not a simple conjonctural inflation
I told you few month ago that eur will be at 1.40 and cable 1.65 then 1.70 not only because european crisis is out (and we will see european crisis end this month) but also because of QE2 in USA+++ WORL INFLATION
09:14:23 : if triggered, would cause a rally as market makers need to replace the gamma
====i preconise to Short EURAUD for 400 pips during the next days
OPTIONS PLAY: Euro Currency Futures Break Out
Wednesday, March 02, 2011
by Matt McKinney of Zaner
TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.
OPTIONS PLAY: Euro Currency Futures Break Out
The EURO CURRENCY futures made a break out to the upside piercing strong resistance (3/2/11).
MY ANALYSIS
Fundamentally, according to Hightower Reports, the EURO ZONE reported a PPI number that was significantly higher than expectations and is the highest monthly gain on record (3/2/11) .
Technically, I see EURO FX FUTURES in a SUPER TREND higher as the 9 day MOVING AVERAGE has crossed over the 20 day MOVING AVERAGE as the indicators are both pointing higher and the market is trading above them. In my opinion, for this trend to stay higher and for the BREAK OUT to remain intact the market must close above the highs of the previous 3 days. See daily chart below. Additional charts, studies, and commentary can be found athttp://markethead.com/2.0/free_trial.asp?rid=McKinney
OPTIONS PLAY
BUY APRIL CALLS OR CALL SPREADS OR SELL PUTS OR PUT SPREADS
When we buy call spreads we also look to buy a put in a 3 to 1 ratio to help if the market makes a major correction to the downside.
EMAIL ME FOR SPECIFICS ON STRIKE PRICES, PREMIUMS, AND RISK
FOR 25 OPTIONS STRATEGIES CLICK HEREhttp://www.zaner.com/3.0/mmck.asp