The long-term decline in the Dollar index may be coming to an end or due or a corrective rebound. Over the past three weeks the Dollar index has formed a bullish TR pattern following the spike low on October 22. The spike low formed the (B) of an (A) -(B) bottom formation, followed by a… read more
Monthly Archives: November 2010
Currency Update – November 1, 2010 – Futures News
Currency update – Dollar recovers mildly after initial weakness in an otherwise, steady markets. The surprised moves are found in yen crosses but there is no follow through selling then yen. Sterling is lifted mildly by better than expected PMI manufacturing data but again. Aussie was lifted by solid manufacturing data from China. But after… read more
Grain News and Opening Calls – Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Weak dollar, dry weather in U.S. winter wheat region and in west Australia wheat-growing area combine to lift wheat futures. * Dry weather is boosting final seedings of the 2011 U.S. winter wheat crop in the U.S. Plains but rainfall is needed, especially in western Kansas… read more