Short, Sweet & to the Point

kevinmhughes

This week is going to be a definite range trading week.  No real news to speak of in regards to the economic calender.  The $EUR zone has more releases than anyone else, but they’re nothing really to be alert to, in most cases.  With thin liquidity, the relatively less ‘intensive’ news could warrant some extra cautious volatility.  I do believe as the ‘investigation’ into the attempted terrorist attack gets deeper and deeper, there will be political figures on the news getting face time and affecting the markets.  As most of my followers know, when you see certain political figures on the TV, I short the $USDX (that’s not a political statement, it’s a fact).

The $USDX will probably weaken heading into the new year.  My thoughts for the beginning of $TWENTYTEN is that the $USDX will strengthen for at least the first quarter (my full post on thoughts for the $USDX will be posted no earlier than the 29th & no later than the 30th & will be posted on all 3 websites).

Some things that are scaring me (in regards to the strength of the country) are articles like this - http://stk.ly/7Mzw9Y , http://stk.ly/4K6Ty3 – situations or beliefs like this are not good for any situation (In my opinion).

A country I’m watching closely for news and/or events is Japan.  Japan is a country that is utilized for their rates.  It’s the hub (and sometimes) the definition of carry trade.

Have a great week trading.  Watch your risk levels & market volatility.

Kevin Hughes is the President of K.M. Hughes & Associates, Inc. which is a currency trading firm,  based in Charlotte, NC.  For more information about the firm please visit www.hughesincorporated.com


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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