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FX Options trade alert

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FX Options trade alert

Mon, Dec 1 2008, 12:14 GMT
by Trading Central Team

Trading Central


Last week was the opposite of the previous one as the U.S. Dollar lost ground at the beginning of the week and regained strength during the last days. On a technical point of view, the USD/EUR is on the upside and is approaching its next resistance level, the USD/CHF, which is much correlated to the Euro, remains within a MT bullish channel. The USD/GBP is turning down as the RSI is on the downside. The USD/JPY is under pressure and remains capped by a declining trend line. The USD/CAD has struck against its strong resistance at 130 and its outlook is mixed for the moment. The USD/AUD is shaping a potential complex head and shoulders pattern as the RSI is on the downside.

On the macro-economic perspective, very important statistics are due this week with the ISM Manufacturing later this morning, the ADP figures and the ISM Non-Manufacturing on Wednesday and, last but not least, the Non-Farm Payrolls data on Friday. Will keep you informed of our strategy.

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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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