Watch AUD/USD And Copper
FNArena has added another video to its Investors Education section on the website. In this educational video, ATW's Jerry Simmons suggests investors should carefully watch copper and AUD/USD to anticipate what is going to happen with equities.
As long as the USD Index remains below 75 on a weekly closing basis, the underlying trend remains negative, explains Simmons. This is an important observation as the Index has been recovering recently and this has created uncertainty and headwinds for commodities and risk assets in general.
As far as EUR/USD goes, 1.4318 needs to be broken before we can start talking about a key reversal in trend, he explains. More important might be what is going to happen with AUD/USD. Simmons believes it needs to break above 1.06 to mark a sustainable rally higher. If, however, AUD/USD decides to head lower instead, this will have an effect on global equities, he suggests.
Similarly, copper tends to lead and a breakdown below US$3.99-3.94/lb would send copper lower, argues Simmons. Under such a scenario equities should follow.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: http://www.fnarena.com/index2.cfm?type=dsp_front_videos
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the "Masters" Programme within the education system at New York based Advanced Trading Workshop (ATW). ATW recently set up shop in Australia through the establishment of ATW Australia (since mid-2010).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at http://www.fnarena.com/index2.cfm?type=dsp_minc_education)
About ATW Australia Founded in June 2010, ATW Australia is a "one-stop-shop for all a trader needs to succeed": quality education for new traders, superb advanced trading education, fast unfiltered data, a world-leading trading platform, customer oriented competitive brokerage, quality 'Made in the USA' specialized trading computers, trading magazines, and the all-important psychological mentoring and coaching for traders. The trading educational products are provided by the Advanced Trading Workshop, Inc. in New York, all other services are provided by a network of partners that were chosen based on their superior products and services in their specific field of expertise. FNArena is one such partner.
To learn more visit www.advancedtradingworkshop.com.au.
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