Results for failed
1 articles with this tag name
  • It has been an extremely interesting day in the currency market with Treasury Secretary Timothy Geithner tripping over his comments about the U.S. dollar and an auction of 5 year Treasury notes seeing surprising weak results. Geithner’s fumble could not come at a worst time as investors remain skeptical about the effectiveness of the Obama Administration’s efforts to stimulate the U.S. economy. Top that off with the failed Treasury auction and it is clear that the actions of everyone in the Obama Administration from the Treasury Secretary to the Federal Reserve Chairman have left an air of uncertainty across the financial markets. The U.S. dollar has weakened against the Euro and Japanese Yen but ended the day unchanged against the commodity currencies.

TRADE IDEAS

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



Buy Buy at 1.5702
Stop at 1.5676
Target at 1.5742
CHF/JPY
Medium term



Sell Sell at 83.7900
Stop at 84.02
Target at 83.44
currency trade idea
GBP/JPY
Medium term
Opened 2/1/2012
Buy Long from 121.0500
Stop at 120.17
Target at 121.9
USD/CAD
Medium term
Opened 1/31/2012
Sell Short from 0.9990
Stop at 1.0078
Target at 0.9905
AUD/NZD
Medium term
Opened 1/31/2012
Sell Short from 1.2870
Stop at 1.295
Target at 1.273
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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