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FX Options trade alert

Mon, Aug 11 2008, 12:57 GMT
by Trading Central Team

Trading Central


Last week, our long positions on the U.S. Dollar performed very well as both the LONG USD/EUR and the LONG USD/CAD recommendations gained at least 100%. This rally was mainly due to comments made by Mr. Trichet, president of the ECB, about the bad health of the European economy.

From the technical point of view, the USD/EUR and USD/GBP have broken their strong resistance levels, but should lack upward momentum. The USD/JPY remains within a bullish channel. A U.S. Dollar pull back should not be ruled out in the coming days and we will pay attention to any reversal sign.

On the macro-economical perspective, some important U.S. figures are due this week with the Retail Sales on Wednesday and the CPI on Friday. We will keep you informed of our strategy.

Please find attached our virtual portfolio.


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The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable. Options transactions carry a high degree of risk. Purchasers and sellers of options should familiarize themselves with the type of option (i.e. put or call), which they are contemplating trading and the associated risks including premium and all transaction costs. To find our more about trading options you can visit: www.888options.com Options involve risk and are not suitable for everyone. Prior to buying or selling an option, a person must receive a copy of CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS. Copies may be obtained from your broker, one of the exchanges or The Options Clearing Corporation. TRADING Central, a leading investment research provider, is a registered investment advisor, not a broker-dealer. TRADING Central is not affiliated with the International Securities Exchange, however ISE compensates TRADING Central for performing this research, including generating FX options trading alerts. Investors should exercise judgment and perform adequate due-diligence prior to making any investment. Services in the U.S. are offered through TRADING Central Americas, Inc. TRADING Central is not registered in France as an Investment Services Provider but complies with the following rules and directives, including: - General Regulation Handbook of the AMF, Book III, Title III, Chapter VII "Investment Analysts Not Associated with an Investment Services Provider" - EU Commission Directive 2006/73 dated 10 August 2006, Articles 24 and 25 - EU Commission Directive 2004/39 dated 21 April 2004 - EU Commission Directive 2003/125 dated 22 December 2003


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