The Commodity Research Bureau's TrendTrader is Long Aussie, Euro, Sterling, Loonie, Yen, Peso, Swiss and Short US Dollar Index.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
Forex Markets
The dollar index this morning is sharply higher with the dollar/yen +0.27 yen and the euro/dollar -1.06 cents. The dollar received a boost today after ECB President Trichet said "the ECB isn't campaigning for the international use of the euro." The dollar index yesterday fell to a 15-month low and closed lower. Bearish factors included (1) the rally in the yen to a 1-month high against the dollar after Q3 Japan GDP expanded more-than-expected along with speculation Japanese investors will bring home earnings made on their US Treasury holdings as the US is due to make a $100.5 billion payment on redemptions and interest payments to holders of US debt, and (2) comments from Fed Chairman Bernanke that economic "headwinds" will warrant continued low borrowing costs, which may keep US interest rate differentials weak as the Fed keeps US interest rates at a record low for an extended period. Bullish factors included (1) the prediction from Calyon that the Chinese yuan will appr eciate 5% in 2010 and "the US dollar will be the main beneficiary of such a move against free-floating currencies," and (2) comments from Chairman Bernanke that the Fed is "attentive" to changes in the dollar's value and "will help to ensure that the dollar is strong."
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The CRB "TrendTrader" is one of the oldest and most respected market letters in the industry since 1963.
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CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
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 TrendTrader
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.
The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 90 markets, including foreign exchange (FX), stock indices, exchange traded funds (ETF), interest rates, metals, energies, grains, meats and foods & fibers.
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
