Results for general motors
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  • US Dollar: Could Politics Derail the Greenback?
    The US dollar traded lower today as safe haven demand subsided. New fiscal stimulus has been announced in Australia and Japan leading US investors to hope that similar help is around the corner. The full Senate is expected to vote on the $885 billion stimulus package this week and the prospect of a swift approval is having a big impact on the currency market. Politics is overshadowing economics and in that same vein, any delays in getting the money into the hands of Americans could derail the greenback.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
AUD/USD
Medium term



 Buy Buy at 1.0755
Stop at 1.0681
Target at 1.0834
EUR/USD
Medium term



 Buy Buy at 1.3190
Stop at 1.3166
Target at 1.3239
USD/JPY
Medium term



 Buy Buy at 76.6200
Stop at 76.38
Target at 77.4
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/CAD
Medium term
Opened 2/6/2012
 Buy Long from 1.0740
Stop at 1.0655
Target at 1.085
USD/CAD
Medium term
Opened 1/31/2012
 Sell Short from 0.9990
Stop at 1.0005
Target at 0.9905
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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