FYI | Jul 22 2011
FNArena has added another video to its Investors Education section on the website. ATW's Jerry Simmons latest analysis comes with seemingly opposing observations. EUR/USD might have seen its prime moment and the USD Index might be preparing for a surge, which would mean AUD/USD will find it hard to break out of its trading range. But then again, copper seems poised for more upside momentum and equities, for one, have lagged.
Is copper showing the coming direction for US equities? Simmons points out, among other things, the correlation between copper and equitiesremains incredibly high.
As far as gold is concerned, the advice is to watch US$1570/oz closely. If this level gives in, gold could sink to much lower levels. On the other hand, gold could rise as high as US$1620/oz and still remain inside its current "zone".
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: http://www.fnarena.com/index4.cfm?type=dsp_front_videos&vid=46
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW). ATW recently set up shop in Australia through the establishment of ATW Australia (since mid-2010).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at http://www.fnarena.com/index4.cfm?type=dsp_front_videos)
About ATW Australia
Founded in June 2010, ATW Australia is a “one-stop-shop for all a trader needs to succeed”: quality education for new traders, superb advanced trading education, fast unfiltered data, a world-leading trading platform, customer oriented competitive brokerage, quality ‘Made in the USA’ specialized trading computers, trading magazines, and the all-important psychological mentoring and coaching for traders. The trading educational products are provided by the Advanced Trading Workshop, Inc. in New York, all other services are provided by a network of partners that were chosen based on their superior products and services in their specific field of expertise. FNArena is one such partner.
To learn more visit www.advancedtradingworkshop.com.au.
