Stopped out of the Currency positions, initiated a position in the Ten-Year Notes, and trailed the stop loss lower to reduce the risk on the Chicago Wheat position.
Euro
Trade Spotlight: Futures – Weekly Summary: Currencies, Wheat
Trailed the stop loss lower on the short Euro FX position. Holding steady on the Canadian Dollar and Chicago Wheat positions.
Beyond the Spotlight: February 1, 2021 (Euro, Wheat, Notes)
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
Trade Spotlight: Futures – Weekly Summary: Currencies
Target triggered on the OJ contract, but stopped out of the British Pound contract. Entered a new short position in the Canadian Dollar. Working an order to sell the Euro currency contract.
Beyond the Spotlight: October 5, 2020 (Euro, Heating Oil, Cattle)
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
Uncertainty in Chinese Trade Negotiations Leaves Buying Possibilities Open in Hogs, Corn, and More
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MDA SnapShot: E-Mini S&P, Bears Taking Control? 12/7/17
December E-Mini S&P – Multi-Profiles – Sell Zones CLICK IMAGES TO OPEN CHART CONTENT Breakdown of Today’s Update Published 12/7/17 8:30 am central: Traders, We have seen bears beginning to try and take control over the last couple sessions and the most recent move lower. We are seeing on scanner 2 of the 4-time frames bearish. We had… Read more.
Disappointing US Data Heading into 2017
US data over the last several weeks have been disappointing, especially when one considers that the economy should have benefited from the holiday season.
The Fed Passed on Hiking Rates; Commodity Markets Not Impressed
The Fed passed on hiking rates, but the lift to most commodity markets off that news was not very impressive, and this suggests that the path of least resistance is likely to remain down.
Starting To See a Deteriorating Forward View
Recent talk of fresh easing from the BOJ and BOE seems to have been largely discounted as ineffective, and that has prompted a revival of safe haven interest in gold and US Treasuries.