TMV Swing Trade Report – Long June British pound @ 1.6380 The market pecked at 1.6512, but had faded back to the entry. The price action action suggests the loss of momentum. Exit the long position.… read more
Currency Markets
TMV Swing Trade Report update – British pound jumps sharply overnight – swing trading strategies, swing trade signals, action reaction, trading in futures
TMV Swing Trading Report – Long June British pound @ 1.6380 The British pound jumped sharply overnight as the Bank of England raised it’s inflation forecasts for the quarterly report. The report projected inflation to hit 5% in 2011 and stay well above the early target of 2% throughout 2012. … read more
Eurocurrency approaching reaction line support – Swing trading strategies, swing trading signals, futures trading, trading in futures, action reaction
The decline in the euro stalled for a short time overnight after rumors of Greece exiting the Eurozone were denied. by Greece and Germany over the weekend. However, the corrective bounce was short-lived as broke through the upward sloping reaction line it had been following since late Friday. This last downswing (basis the 60-minute chart)… read more
Canadian Dollar making gains-Futures News, Futures Trading, Futures Broker, Commodity News, Commodity Trading, Commodities Broker
The Canadian Dollar traded at 96.43 cents per U.S. Dollar, an appreciation of 0.3 cents, up from yesterdays 96.69. The Canadian Dollar touched 94.46 on April 29th, it’s highest level since November 2007. The Unemployment numbers helped the Canadian Dollar make gains against the U.S. Dollar – ending it’s longest losing streak since December as… read more
June Eurocurrency triggers sell “inside” the bar. Swing Trading Strategies, swing trading signals, action reaction, trading futures, trading in futures
June Eurocurrency traded out of the sideways consolidation pattern on the 60-minute chart. However, the breakout was stopped short when it hit the ascending median line on the longer-term daily chart and turned lower. This price action formed a bearish TR pattern sequence to trigger a sell signal “inside” the daily price bar.… read more
Silver leads sell off-Futures News,Futures Trading, Futures Broker, Commodities News, Commodities Trading, Commodities Broker
After nearly touching $50 last week, Silver has led the selloff in commodities this week now trading below the $40 level. The CRB commodity Index is down from this weeks high of 370.72 as Gold an others have followed Silver pushing the the Index below the 360 level. With the sell of in the futures,… read more
British pound trades sharply lower on projected reversal date, swing trading strategies, swing trading signals, trading futures, action reaction, commodity trading, currencies
The June British pound is trading sharply lower on the May 3rd projected reversal date. The the downswing in the pound was triggered by comments from BoE Governor King and a report that manufacturing was weaker than expected. King said that the economic challenges will last for many years and could become more severe. His… read more
Market Wrap up for May 2, 2011 – Futures Trading, Commodity trading, Commodity Futures trading, Futures brokerage, Trading
Wrap up for May 2, 2011 Wrap up for May 2, 2011 … read more
Commitment of Traders Report – Commodity Trading, Futures Trading, Futures Trading Brokerage
The newest Commitment of Traders Report was released today. Use the following link to the CFTC’s website to read more: http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm… read more
Swing Trading Strategies – Long Eurocurrency hits target objective! [chart]
TMV Swing Trade Report – Long June Eurocurrency @ 1.4651 – Hit the Target! – The euro pushed higher overnight and reached the target objective to close the long position at 1.4775 big gain! The long-term chart shows the market traded to a high of 1.4864 and tested the overhead ascending median line. This line… read more