Dollar Gets Boosted from G8 Finance Ministers Meeting

Top Day Rec

06.15.09

June currencies expire this morning. Everybody out.

NY State Manufacturing Index out at 8:30 while foreign investment in US debt is out at 9.

Overnight, lower stocks and a stronger dollar as there was a Russian retraction of recent statements concerning the dollar’s status as a reserve currency. Also, G-8 finance ministers meeting in Italy over the weekend indicated that there might be a withdrawal of stimulus spending.

Jun 15	08:30	NY Empire Manufacturing Index	Jun	NA	-5.10	-4.55
Jun 15	09:00	Net Long-Term TIC Flows	Apr	NA	$52.9B	$55.8B
Jun 16	08:30	Housing Starts	May	NA	483K	458K
Jun 16	08:30	Building Permits	May	NA	500K	498K
Jun 16	08:30	PPI	May	NA	0.6%	0.3%
Jun 16	08:30	Core PPI	May	NA	0.1%	0.1%
Jun 16	09:15	Capacity Utilization	May	NA	68.4%	69.1%
Jun 16	09:15	Industrial Production	May	NA	-0.8%	-0.5%
Jun 17	08:30	Core CPI	May	NA	0.1%	0.3%
Jun 17	08:30	CPI	May	NA	-0.9%	-0.7%
Jun 17	08:30	Current Account Balance	Q1	NA	-$85.0B	-$132.8B
Jun 17	10:30	Crude Inventories	06/12	NA	NA	-4.38M
Jun 18	08:30	Initial Claims	06/13	NA	610K	601K
Jun 18	10:00	Leading Indicators	May	NA	0.9%	1.0%
Jun 18	10:00	Philadelphia Fed	Jun	NA	-17.0	-22.6

Current views, speculations and suggestions

(good till close of business today)

Sept Yen: neg with res at 102.50

Sept Swiss: pos with support at 91.50

Sept EC: pos with support at 138.20

Sept Canadian: pos with support at 87.80

Sept BP: pos with support at 162.20

Sept ES: pos with support at 926.75

Sept NQ: neg with res at 1498.50

Sept Mini Dow: pos with support at 8609

Aug Gold: sloppy with support at 931

July Silver: ditto with support at 14.37

July crude: pos with support at 71.00 and 70.00

Nov Soybeans: pos but below daily support of 10.48with support at 12.45

Sept Wheat: neg with res at 6.24

Sept Ten Year: potential reversal day

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International Markets

Sept Bund: pos with support at 118.30

June Dax: neg with res at 5073

NKD: potential reversal day

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N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%. Repeat: use Stops. Don’t think about using Stops. Use Stops.

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Futures trading entails considerable risk and is not for everyone. An account can lose more than its initial investment. Stops are not necessarily filled at the stop level. Past performance is not a guarantee of future results.

Charles Kespert

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ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, AL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETIOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.