Has Dull Trading Finally Ended?

Featuring Dave Floyd

Dave Floyd of Aspen Trading brings his in-depth macro and technical framework to assess the market moves of the moment, providing a timely mid-week update with fresh insights and actionable trades.

Published on
11 May, 2016
Topic
Technical Analysis, Trading, US Dollar
Duration
14 minutes
Asset class
Commodities, Currencies
Rating
14

Comments

  • JS

    Jon S.

    19 5 2016 16:40

    0       0

    thx, Dave

  • DF

    Dave F.

    19 5 2016 14:01

    0       0

    .....also looking at longs in USD/NOK as oil prices are under pressure.

  • DF

    Dave F.

    19 5 2016 14:00

    1       0

    Jon - I/clients went long USD/CHF yesterday post Fed - our adjusted stops were triggered this AM for a profit. Re-evaluating longs on a pull-back here. I am encouraged though....

  • JS

    Jon S.

    19 5 2016 02:31

    0       0

    Dave, have you seen enough in dollar strength to put on your trade? What is your upside projection? thx - Jon

  • DF

    Dave F.

    16 5 2016 20:13

    1       0

    Tom - thanks for the question. I would rather chew tin foil that try to analyze and trade JPY. Plus, my track record trading JPY in the past would suggest you don't want my opinion/forecast!

  • T.

    Tom ..

    15 5 2016 06:39

    0       0

    Thanks Dave. Great as always. Wondering, do you have a view on JPY? Hard for me to see how it doesn't eventually weaken but I'm looking for a defensible place to get long USDJPY...

  • WM

    Will M.

    14 5 2016 15:50

    2       0

    Dave provides real trade recommendations for RVT viewers and excellent commentary. Great stuff.

  • DF

    Dave F.

    14 5 2016 00:29

    0       0

    Dollar and gold can rally at the same time - not the correlation of recent memory but certainly no rules against it

  • cr

    chris r.

    13 5 2016 20:14

    2       1

    If the Dollar does rally back to the 100 range, gold will not keep running which would be bearish for NGD especially since its up 300% this year. With that said I still enjoy the segment.

  • MM

    Mathew M.

    13 5 2016 12:37

    4       0

    Thanks Dave. Always look froward to your videos.
    Cheers
    Mat

  • DF

    Dave F.

    13 5 2016 00:52

    0       0

    ....I am not looking to micro-manage these trades at all. In fact, I believe these could be really big home runs in the months/years to come.

  • DF

    Dave F.

    13 5 2016 00:51

    5       0

    Hi Matthew - a double in NGD is not only still possible - it has already happened from the lows earlier this year. IMO the bull market in gold & gold minders is still in the early stages...

  • DF

    Dave F.

    13 5 2016 00:49

    2       0

    Hi Lilly - yes, that certainly could happen. Correlations are always in flux and a strong DXC; strong gold could well play out. Never discount anything....

  • LC

    Liliana C.

    12 5 2016 22:36

    3       0

    Hi Dave, thx so much for insights. Could u comment on strong dollar v strong gold/gold miners? Can they both exist? Thx! Lilly

  • DF

    Dave F.

    12 5 2016 21:08

    0       0

    Thanks Ewan and you are more than welcome...

  • JF

    Jonathan F.

    12 5 2016 18:19

    0       0

    Spoke too soon... thanks for your commentary.

  • JF

    Jonathan F.

    12 5 2016 18:13

    1       0

    Dave, you have mentioned your gold trades but I don't think we have seen your analysis. Can you comment on gold?

  • EM

    Ewan M.

    12 5 2016 09:10

    4       0

    Brilliant! Thanks for the update Dave. Always look forward to your videos!

  • TS

    Thomas S.

    12 5 2016 03:16

    1       0

    Great stuff Dave! Seems like RP is short gold for now though, expecting a pullback through early summer

  • MM

    Mathew M.

    12 5 2016 02:44

    0       0

    Dave,
    You spoke last of a double not being out of the question w $NGD. Are you somewhat less bullish? Love your insight.
    Thanks,
    Mat

  • DF

    Dave F.

    11 5 2016 23:38

    2       0

    ....current pull-back off yesterday's highs unfolds in only 3 waves and turns back up that adds conviction that DXC is starting a sustained move lower.

  • DF

    Dave F.

    11 5 2016 23:37

    1       0

    Hi Timothy - thanks for the question. Today's 'low' is not really a low in the traditional sense and really has no technical relevance. What is key is the May 3rd low - if that holds and this....

  • TH

    Timothy H.

    11 5 2016 20:36

    1       0

    Thanks for the update, Dave. The DXY hit a low of 93.72 today--is this still in line with your point about a temporary pullback? How low could this go before it's necessary to reconsider the thesis?

  • DF

    Dave F.

    11 5 2016 18:21

    0       0

    My pleasure Matthew

  • MC

    Matthew C.

    11 5 2016 18:11

    8       0

    great one Dave - thanks!