Technical Bullish Signals for the Yen and Canadian Dollar, T-bonds and T-Notes. I have a technical Sell Signal on the US Dollar Index contract.
CURRENCIES: 07/21/09 Higher settlements on Monday for the Swiss franc, Canadian dollar, Aussie dollar,British pound, euro fx and Japanese yen while lower for the dollar index. All of the currencies are back to resuming their respective uptrends while the dollar its downtrend. The euro and franc broke out of their consolidation patterns giving me buy signals with the former making a new recent high and close. The Canadian dollar' also made a new recent high and close but now in a resistance area, but still should work higher overall. Theyenmade a recentlow before rallying to settle slightly higher still needing to hold the 10600(Sept.) area. The pound and the Aussie dollar also had strong closes with the former making a new recent high and close while the latter had its second highest close of the move. The dollar, conversely, made its second lowest close of the move. Buy Signals for the Euro, Swiss, Yen and Canadian dollar; Sell Signal for the US Dollar Index. Please feel free to contact me for details.
FINANCIALS: 07/21/09 Higher closes yesterday for the eurodollar, notes and bonds.The eurodollar made a new contract high and close again while the bonds and notes made new recent lows before rallying to settle higher. Both have held their respective support areas so far but have made lower highs the last five trading sessions. Buy Signals for both Bonds and Notes.
METALS: 07/21/09 Higher closes copper, gold, silver and platinum. Coppermade its highest high and close since early October back confirming its strong long term.Gold settled sharply higher reversing my sell signal to a buy while silver and platinum, although closing higher again are still in downtrends overall with the latter now in a resistance area. Buy Signal for Copper; Sell Signals for Gold, Silver, Platinum. Please call me for details.