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S&P Rally Fails to Break through Last Week�s High

James Hyerczyk — Mon, 23 Nov 2009 18:50:00 EST

Despite the weaker Dollar and greater demand for higher risk assets, the December E-mini S&P 500 failed to break through last week�s high at 1112.25, stopping at 1111.50. The December E-mini NASDAQ also failed to make a new high.

Equities Trade Weaker on Light Volume

James Hyerczyk — Mon, 21 Sep 2009 18:01:00 EST

The December Dow and December S&P 500 are trading weaker at the midsession as trader shy away from risky assets ahead of this week�s Fed FOMC and G-20 meetings.

Japanese Yen and Euro Dominate News

James Hyerczyk — Fri, 10 Jul 2009 12:06:00 EST

Both the September Japanese Yen and September Euro are in the spotlight today. Both are being affected by the same news but both are moving in opposite directions versus the Dollar.

Quantitative Easing Issue Will Dictate British Pound Direction

James Hyerczyk — Thu, 09 Jul 2009 10:27:00 EST

Traders are calling for a higher opening in the September British Pound this morning. Overnight strength in European and Asian equity markets is helping to increase trader demand for higher risk assets.

Swiss Franc Specs Battle Central Bank

James Hyerczyk — Wed, 08 Jul 2009 11:14:00 EST

The September Swiss Franc is called flat this morning based on tight overnight trading. This should come as no surprise because this market has been in a tight range for several weeks.

Canadian Dollar Action Signals Turnaround

James Hyerczyk — Tue, 07 Jul 2009 11:20:00 EST

Traders are looking for the September Canadian Dollar futures to open higher this morning. There may not be any major fundamental news driving this market higher this morning, but nonetheless traders like the long side. The main driving force behind this rally seems to be technically driven as many indicators have reached oversold levels.

Japanese Yen to Benefit if Dollar Loses Reserve Status

James Hyerczyk — Mon, 06 Jul 2009 10:55:00 EST

The September Japanese Yen is surging to the upside overnight for a couple of reasons. The first and main reason is flight-to-safety. The second reason is the call for nations to diversify away from the U.S. Dollar.

Dollar Rally Triggers Treasury Market Rally

James Hyerczyk — Fri, 03 Jul 2009 01:34:00 EST

September Treasury Bonds and Treasury Notes rose on the surprise news. This move reaffirmed the current uptrend and indicated that market participants feel the Fed is going to have to do more to provide stimulus to the economy. Yields fell on the notion that more money may have to be pumped into the economy. Although this is inflationary in the long-run, traders are not focusing on the long-run at this time and are more concerned with a deflationary environment.

Is Euro Setting Up to Rollover?

James Hyerczyk — Thu, 02 Jul 2009 11:45:00 EST

Despite taking out the June 11th top at 1.4166 yesterday, the September Euro did not accelerate to the upside and even failed to close above this price. Traders would not chase this market higher ahead of today�s European Central Bank announcement and the U.S. Non-Farm Payroll Report.

Japanese Yen Weakness Tied to Stock Market Movement

James Hyerczyk — Wed, 01 Jul 2009 12:01:00 EST

September Japanese Yen traders are looking for a lower opening this morning based on overnight selling pressure. This comes on the heels of a friendly Bank of Japan quarterly tankan survey of business sentiment.

E-mini S&P Could Find Resistance at 926.50

James Hyerczyk — Tue, 30 Jun 2009 11:39:00 EST

Trading is mixed in the Treasury markets overnight. Bonds and Notes have been trading on both sides of the market. Equity markets surged to the upside yesterday after early morning weakness then the market died.

British Pound May Be Topping

James Hyerczyk — Tue, 30 Jun 2009 11:36:00 EST

The September British Pound surged to the upside overnight despite news that the U.K. economy shrank more than previously forecast.

Equity Markets Could Be the Play Today

James Hyerczyk — Mon, 29 Jun 2009 13:19:00 EST

U.S. financial and equity markets are trading steady to better overnight. Volume has been light but the ranges have been wide.