At the end of the day, most traders and investors are searching for something that works. For them, this involves ways to limit risk while trying to extrapolate upside opportunities. But, the question remains: how can we find simple and effective ways to do this?
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook. September Australian Dollar Selling off of what I believe to be slight resistance above a trading channel. Consider selling at slight resistance off the recent high using a limit order. Objective would be a re-test of the recent lows at the bottom… Read more.
Aussie weather to push down price of wheat Forecasts for pleasant weather in Australia helped push down the price of wheat to its lowest value in 14 days, Bloomberg reports. Dry weather in high-grain production regions in the globe's fourth-largest exporter will very nicely complement the recent sprinkling of rain, according to meteorologists. Much of… Read more.
The price of gold edged up again on Tuesday, driven by a falling dollar. On the Comex in New York, gold futures for December delivery briefly reached $1,231.10 per troy ounce, the highest price since July 1, reported Bloomberg News. Equities also had a positive day, with the major indexes up 1 to 2 percent.… Read more.
The dollar sank on Thursday against the euro, British pound and Australian dollar, as investors reacted to strong equity markets and the words of Ben Bernanke. The chairman of the Federal Reserve spoke to Congress on Wednesday, and his tone was grave and cautious. He warned that the future of the U.S. economy appeared “unusually… Read more.
CME Group and Dow Jones Indexes announced Tuesday the launch of a new index called the Dow Jones CME FX$INDEX, which they say will give futures brokers and traders a more efficient way to trade global currencies against the U.S. dollar. The index represents the value of the dollar as compared to a basket of… Read more.