Results for existing home sales
1 articles with this tag name
  • For the most part, markets today expressed a tone of relief and satisfaction for global economic events. We have seen the classic pattern of dollar and yen weakness across the board that is quite the mainstay in markets that think the worst is over. However, we are cautioning that this brief level of renewed sentiment may be short lived. In the US the euphoria that was left over from European trading seemed to dwindle in the latter part of the trading day. The Dow finished one of its typical whipsawed trading sessions, falling off of highs of more than 100 to dip in to negative territory. The index did finish in positive ground. This level of uncertainty definitely casts some doubt on the continuation of this renewed confidence in the financial markets.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
CAD/JPY
Long term



Buy Buy at 77.6500
Stop at 76.65
Target at 78.9
GBP/USD
Medium term



Sell Sell at 1.5904
Stop at 1.5924
Target at 1.5874
AUD/USD
Medium term



Buy Buy at 1.0721
Stop at 1.0699
Target at 1.0755
currency trade idea
GBP/CHF
Medium term
Opened 2/8/2012
Sell Short from 1.4470
Stop at 1.4602
Target at 1.4352
AUD/USD
Medium term
Opened 2/8/2012
Buy Long from 1.0755
Stop at 1.0681
Target at 1.0834
AUD/CAD
Medium term
Opened 2/6/2012
Buy Long from 1.0740
Stop at 1.0655
Target at 1.085
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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