Dollar Sends Most Markets Lower and Gold Rushes to Top

» Posted by on Nov 9, 2015 in Blog, Commodities, Futures Power Rankings | Comments Off on Dollar Sends Most Markets Lower and Gold Rushes to Top

Dollar Sends Most Markets Lower and Gold Rushes to Top

11.09.2015

Trade Rec Update:

Last week we had two winners out of two trades entered totaling over $800.00.

This week we have four opportunities, all with reasonable risk. We will be revisiting the Beans and also suggesting the Yen, Euro and 10yr.

Biggest Jump (+6): The Yen jumped 6 spots into the top 10 as the dollar sent currencies lower. Speculation of a December rate hike sent the dollar near all-time highs, and closed the week above 99 for the first time since April. The Euro took the biggest hit of the majors, but the Yen could be poised to test the 80 level in the coming weeks.

Biggest Drop (-9): Natural gas dropped 9 spots from the top 5 after taking the week to digest levels in the low 2.30s. Expectations of a mild winter have curbed demand for the heating fuel, and prices may be poised to test 2.00 before all-time lows from 2012 at 1.90 if demand doesn’t pick up.

For Trade Recommendations associated with the Power Rankings, click here or call your broker. If you’re not yet working with an Index representative, call 800-376-0810 to get started.

 11.09.2015

Legend:

[  ] – Associated Trade Recommendation

[  ] – Market was UP
[  ] – Market was DOWN
VDO – Last Week’s Price Volatility in dollar terms; or Volatility Dollar Opportunity
              (click here for more on the VDO)
Bias – This Week’s Bias
Rank – Based on VDO
Volatility – Last Week’s Price Volatility
PowerRankingBiasArrows

Previously on the Futures Power Rankings:

10/26 – USDA Report Generates Huge Moves

10/12 – Celebrating One Year

10/5 – Metals Back in Focus off Employment Data

 

 

 

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