FYI | Jan 17 2012
By Rudi Filapek-Vandyck
FNArena has added another video to its Investors Education section on the website. In this video, ATW's Jerry Simmons observes global equities and EUR/USD have decoupled over the annual Christmas break, albeit with the additional observation that overall volumes have remained very low.
Regardless, in Simmons' view something will have to change. Either equities are going to catch up with EUR/USD and thus head lower, or the euro will strengthen, catching up with global risk appetite. There is a third option and that is that both are experiencing a genuine decoupling. Simmons argues it is too early to adopt this third scenario as a given just yet, but the matter deserves everyone's attention, in his view.
He believes copper remains a valid leading indicator for other risk assets and the underlying trend for the red metal remains up as long as price remains above US$3.45/lb.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: https://www.fnarena.com/index2.cfm?type=dsp_front_videos&vid=66
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 https://www.fnarena.com/index4.cfm?type=dsp_front_videos)
