The CRB TrendTrader report is Long Aussie.
If you are not incorporating both Technical and Fundamental research into your trading decisions you are only seeing half the picture. Review both Fundamental and Technical reports below.
Notice the open position profit based on 1 contract!
Day traders work for the markets - Trend Trader's let the markets work for them, remember the Trend is your friend!
The CRB Futures Market Service and Trend Trader are one of the oldest and most respected market letters in the industry since 1934.
TrendTrader tracks over 79 markets, including foreign exchange (FX), stock indices, interest rates, metals, energies, grains, meats, foods & fibers and exchange traded funds (ETF).
For more details and discount subscriptions call or email Jay directly: 312 506 8709. j.brown@crbtrader.com
Forex Markets - Fundamentals
The dollar index this morning is little changed with the dollar/yen -0.22 yen and the euro/dollar +0.03 of a cent. The dollar index yesterday weakened and closed lower. Bearish factors included (1) reduced safe-haven demand for the dollar after European and US equity markets rallied when demand rose at a Portuguese bond sale and Poland's auction of 5-year debt attracted the strongest bids since 2008, which eased concern that Europe's debt crisis is worsening, and (2) strength in the yen which rallied to a 15-year high against the dollar after Japan's July current-account surplus widened +26% y/y to 1.68 trillion yen ($20 billion). Bullish factors included (1) comments from Japanese Finance Minster Noda, who temporarily jawboned the yen lower, when he said he is prepared to take "bold" action on currencies, including intervention in foreign-exchange markets, and (2) the unexpected decline in Jul German exports and the weaker-than-expected Jul German industrial production, w hich were both euro negative.
THESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN.
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB Trend Trader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
For more details and discount subscriptions call or email Jay directly: 312 506 8709. j.brown@crbtrader.com
