Might be interesting to read about this:
Forex Flash: Time to stop worrying about the EUR and to start worrying about the USD
There are many news, and expectation on QE, is QE3 possible?
many would have hoped for QE3, and does US really has capacity to print more and flush their currency value down?
If we look into USD Index, it has traded sharply lower last Friday - closed below 200 days EMA @ 80.16 for the first time since Oct 2011.
Since QE is not on the table, and whether Fed is going to give the fix or not is unclear, I reckon EMA200 to give support, and I expect USD Index to rebound next 2-3 days and return to 80.80 region.
DJIA
It has turned from bearish to bullish without touching 12950, although initially we at Ayumi the Novice trader thinks that it should fall!
However, DJIA still capped below 13350 pts, and we are unsure of the next direction.
Check the intraday chart below:
Broke up the channel and traded the similar range up, but still capped below resistance.
I prefer to stay out and observe unless intraday 30 mins / 1 hour chart has approached 13350 pts, resisted down, or breakup this resistance.
Till then I have no position but watching other instruments like Gold and CL or trading the USD Index till mid week after the adjustment has completed.
Nasdaq 100
It came out on the headline that Nasdaq 100 has ended highest since 2000.
Google it.
Bullish momentum.
Can only trade with initial shadow, not sure where the bullish momentum will stop.
Initial shadow is 6 pts, day range is 30 pts.
If you have traded the Nasdaq 100, you know it is very rare chance for traders to get in at initial shadow if the day is set to fly... repeat: it is very hard to get in, but once u are there in the right move, it is like an unlimited fortune, happy hunting.
Cheers
Ayumi
No comments:
Post a Comment