Tuesday, 17 January 2012

Today's No Brainer - EURUSD bounce!

Turning now to the topic of educating fellow investors, I would like to point out what has perhaps been the easiest technical trade in the past few months. Read on for more.

Away from this, current market strength based on rumours of the size of Feb 29th's LTRO (range EUR750bn to EUR1.5trn) are certainly a furrow in JFC's brow at present. The market continues to pay little respect to the 10+ ratings downgrades over the last few days (the most recent being the EFSF itself), although, as the US awakes from its long weekend the market seems to be sobering up.

Our long-term destination is tapped into the S&P's TomTom but right now signal is thin. As it is not our mandate to undergo any drawdown if it can be avoided, a Silver or EURUSD long may well be revisited as a hedge/convergence trade.
Do read on for today's No Brainer.



Not familiar with support and resistance? Read our glossary and get informed - supply and demand of any are the only variables that can, and do, move markets.
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