EUR/USD & USD/JPY Reversal at Key Inflection Points... Ags Continue Torrid Up Move

Tues Jan 6 - John Netto - President The currencies and commodities once again took center stage in the trading world as equities continued to exhibit a lackluster and lifeless trading range. A whole host of currencies bucked this trend and provided great two way action as dollar strength in the European session gave way to the dollar pairing its gains against EUR, CHF, JPY, and GBP. This included EURUSD holding onto the key 13390 level we pointed out in last night's Netto's Numbers. The cross managed to combat early weakness in it before ultimately moving higher. The same dynamic applied with the USDJPY as 9408 became a natural fade spot and using CME Group options to trade these products has been a way I have managed clients accounts. I am putting a webinar on January 24 of this month going over specific strategies. For tomorrow stay tuned to the agriculture section, which saw wheat, soy, and corn all scream higher. This is a short blog tonight but wanted to stay in the loop… . . . (to read the remainder of this article, please log in below.)