FYI | Jun 05 2012
FNArena has added another video to its Investors Education section on the website.In this video, ATW's Jerry Simmons once again looks at the EUR/USD, noting the euro has now gone down for 5 straight weeks, hitting a major low from 2008 today (6 June 2012 US time).
From a technical perspective, Simmons would like to see EUR/USD push past 1.27 before he is prepared to call a reversal. On the other hand, a break below 1.22 would confirm further downward movements.
As noted last week, the EUR/USD cross remains an important indicator, with Simmons assuming that risk assets will track the euro.
As far as crude oil goes, Simmons thinks there’s a chance we could see a multi-day or multi-week rally if key resistance (for WTI) at 84.50 were broken. Natural gas, though down, is holding, while Weekly Commodity Futures have a chance of turning higher.
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=85
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).
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)
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