Showing posts with label Jim Iuorio. Show all posts
Showing posts with label Jim Iuorio. Show all posts

Thursday, February 7, 2013

Comments on Aussie Dollar by @JimIuorio

Comments on Aussie Dollar by @JimIuorioSocialTwist Tell-a-Friend



Attached is a daily chart of March Aussie Dollar (ADH3).

Yesterdays move was significant and represents a longer term policy shift by the Australian Central Bank.  Today's retracement appears to be an opportunity to establish short interest.  I like the ADH3  
102.5-102 put spread for an outlay of 16 ticks.  Max loss is 16 ticks or $160 and max gain is 50-16 = 34 ticks or $340.  We will have 4 weeks on this trade as it expires on March 8th.

Jim

Tuesday, February 5, 2013

Comments on Japanese Yen by @JimIurio

Comments on Japanese Yen by @JimIurioSocialTwist Tell-a-Friend



Attached is a daily chart of March Japanese Yen.

The move lower has been staggering, dramatic and probably appropriate.  However, moves like this never go on perpetually and the bear market rallies tend to be quick and vicious.  The 15% decline since Nov 9th has convinced me that it is time to take a low risk shot at the upside.  This is a stark deviation from my normal style and not sure I would expect sane people to follow me in.  If I was taking this shot (and i did) I would look at the JYH3 113 calls for 17 ticks...those calls have until March 8th to perform.  17 ticks (or $212.50) is the exposure for 1 JYH3 contract.

Jim

Monday, February 4, 2013

Comments on Aussie Dollar by @JimIuorio

Comments on Aussie Dollar by @JimIuorioSocialTwist Tell-a-Friend



Attached is a daily chart of March Aussie Dollar (ADH3).

Friday's price action showed a clear rejection of a trend failure. This type of technical analysis flies in the face of tradition and is a clear example of the algo headfake.  At present level (103.95), we would adopt a half bullish bias and change that to full on a settle above 104.41.  We would return to neutral on any trade below 103.46 on downside or a trade of 105.35 on upside. The fundamental argument would be continued Fed stimulus coupled with an improving picture in China.

Jim Iuorio

Thursday, January 31, 2013

Thoughts on Currency Futures by @JimIuorio

Thoughts on Currency Futures by @JimIuorioSocialTwist Tell-a-Friend


We are looking at no specific trades yet today but will monitor a couple of formations closely.

The Canadian Dollar appears to be in a corrective upswing in a broader downtrend. I would consider a negative bias if it trades up to 100.08. 

The Aussie Dollar sits precariously on long term trend support.  Trade of 103.38 will be an indication of further weakness.

We will be watching the Yen, as always, for any indication of a bottom or a reversal pattern.

Jim

Wednesday, January 30, 2013

Update by @JimIuorio for #Euro #Currency #Futures

Update by @JimIuorio for #Euro #Currency #FuturesSocialTwist Tell-a-Friend



Attached is a daily chart of march Euro Currency Futures (ECH3).

We have met our upside objective and would return to neutral at 135.40. Although the fundamental story in the Euro remains interesting with the better than expected information coming out of the    
3-month LTRO results, the chart has reached trend line resistance so i would exit and seek opportunities elsewhere.

Good trading today,
Jim

Monday, January 28, 2013

Euro Currency Futures Update by @JimIuorio

Euro Currency Futures Update by @JimIuorioSocialTwist Tell-a-Friend



Attached is a 30-day chart of the March Euro Currency Futures.

As said on Thursday, I have a bullish bias in full.  The upside objective is 135.40....a settle below 133.90 will return to neutral. The fundamental argument includes decent numbers from Germany and a higher than expected repayment of LTRO money.   
 
There also appears to be a exodus from the safety of US Treasuries. Although this could be fueled by several factors there is potential for the market to interpret as a clear "risk on" signal putting a tailwind into the Euro trade.

Wednesday, December 12, 2012

@JimIuorio commenting on Canadian Dollar

@JimIuorio commenting on Canadian DollarSocialTwist Tell-a-Friend



Attached is a daily chart of December Canadian Dollar.

We maintain a positive bias as the "risk on" trade has shown no clear signs of reversing. Later in the day, we will hear from the Fed and expectations are for an increase of asset purchases.  This creates a possibility of disappointment.   We would be inclined to cover half of our long position before the Fed release.  For the other half of our position we would set a stop below 100.95 on a closing basis.

Good luck today..

Wednesday, November 21, 2012

Thoughts on Canadian Dollar

Thoughts on Canadian DollarSocialTwist Tell-a-Friend



Attached is a 40 day chart of December Canadian Dollar.

There has been some consolidation at the upper end of a well defined trend channel.  A trade above 100.42 would signal a breakout and we would initiate a long bias.  Upside objective would be 101.20.  Stop out level would be a trade below 99.90.

A rally in Canada would most likely coincide with a continuation of the "risk on" rally that began on Friday.  The current tailwinds for risk assets are hopeful rhetoric on the fiscal cliff and the potential for increased Fed liquidity.

Monday, November 19, 2012

Update for Our Aussie Dollar Position

Update for Our Aussie Dollar PositionSocialTwist Tell-a-Friend

Attached is a 40 day chart of December Aussie Dollar.

On Thursday, we initiated a short bias at 103.06.  Compromise on the "Fiscal Cliff" issue has outweighed Middle East tensions and opened the door to "risk on."  This has provided a tailwind to the Aussie Dollar.  If ADZ2 settles above 103.70, we will abandon our short bias.

Thursday, November 15, 2012

Comments on #Aussie #Dollar

Comments on #Aussie #Dollar SocialTwist Tell-a-Friend



Above is a daily chart of December Aussie Dollar futures.

Since early October the Aussie Dollar has benefited from the perception that China was poised for a significant rebound.  It appears now that the confidence has been shaken. Yesterday's outside day down followed by additional weakness today, suggests further downside. 

We will consider shorting Aussie now (103.06) with an initial target of 101.90. A settlement above 103.65 will stop us out.  Good luck....Jim                 
                                                               
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This free trial is open to all for the rest of 2012.                               
                                                               

Wednesday, November 14, 2012

More on Euro Currency

More on Euro CurrencySocialTwist Tell-a-Friend



Above is a 40 day chart of December Euro Currency.

Yesterday we mentioned a stop-out level of a settle above 127.44.  We reiterate that today.  
It is definitely with some frustration as we feel the fundamental picture for the Euro is still negative.                                        
                                                                
-------------------------------------------------------------------------------------------                                                             
If you trade any of CME Group listed Currency Futures contracts, you should send us a follow request thru http://www.twitter.com/HFT_Currencies

This free trial is open to all for the rest of 2012.    
                                                               
                                                               
                                                               
                                                               
                                                               
                                                               

Tuesday, November 13, 2012

Comments by @JimIuorio on #Euro #Currency

Comments by @JimIuorio on #Euro #CurrencySocialTwist Tell-a-Friend



Attached is a 30 day chart of December Euro Currency.

Although we still have a bearish sentiment, the relative stagnation over the last 2 days is disconcerting.  At this point, if we get a settlement above 127.44 would cover    
HALF of short position.  With current equity market weakness, we believe that old highs of 124.70 are a reachable objective on the downside.        
                                                                                      
----------------------------------------------------------------------------------------------------------------------
If you trade any of CME Group listed Currency Futures contracts, you should send us a follow request thru http://www.twitter.com/HFT_Currencies

This free trial is open to all for the rest of 2012.    
                         
                                                               
                                                               
                                                               
                                                               

Friday, November 9, 2012

Comments on Euro Currency

Comments on Euro CurrencySocialTwist Tell-a-Friend



Attached is a chart of the ECZ2.

The RISK OFF trade remains in tact as treasuries and the dollar are bid this morning.

Good news out of china has slowed the Aussie's decline and makes our short bias in the euro that much more attractive. Price action in the ECZ2 is still negative and we would look to take profit on half of our short at 126.25 (approx 50% retracement of the up trend that began in July).            
                                                                                                                                                    
----------------------------------------------------------------------------------------------------------------------
If you trade any of CME Group listed Currency Futures contracts, you should send us a follow request thru http://www.twitter.com/HFT_Currencies

This free trial is open to all for the rest of 2012.    
                                             
                                  

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