This is a sample entry from Tom Dosdall’s email newsletter, Dosdall Daily Edge, published on February 21, 2013.
Yesterday’s FOMC meeting minutes showed that the board is split on the potential for continuous “easy money” policies going forward. This news launched the US Dollar toward a fresh five month high. Couple the FOMC news with a handful of concerns popping up in Europe (poor French economic numbers, Italian elections, Cyprus bailout) and the outlook for the Euro has turned negative.
TAS Tools confirm an opportunity to the downside in the Euro. Traders can look to short futures (full, mini, micro contracts available) in this price area with an initial risk at 135.22:
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.