June Euro Follow Up
By: Jeff RatajczakMay 23rd, 2011 10:45AM CDT
US Dollar strength and some of last week's fundamentals are finally starting to catch up with the June Euro contract. An overwhelming vote against Spain's ruling party, Greece's credit rating being cut again, and more worries that Ireland and Portugal will follow suit have take a toll on the Euro. As of this writing 6EM11 is down approximately 200 ticks and is trading around the 1.4000 level. Support is seen at 1.3865 and 1.3513 for those with more appetite for risk.
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Jeff Ratajczak
Commodities Broker
Jeff Ratajczak began his financial career in the stock market as a retail broker in 1993. He transitioned to futures in 1999 with LFG Intermarket Group, which became ZAP Futures. ZAP Futures was acquired by RJO Futures' parent company R.J. O'Brien in 2004. At present, Jeff works with RJO's extensive IB network to take care of their FX needs. Jeff's focus is to assist clients in managing risk and speculate through futures and option strategies. Jeff attended Illinois State University..... Read More
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