The USD has kept in a somewhat tight trading range, but has been unable to hold onto any early strength into this mornings action. The lack of progress being made on Capitol Hill coming up with a new stimulus package is providing support, as well as average Chinese economic data resulting in a negative shift in global risk sentiment. The dollar will need to avoid negative readings in industrial production and retail sales in order to regain some strength heading into the weekend. Near term resistance comes in at 9350 and support at 9303.

800-826-2270312-373-4968Series 3 Licensed

Tony Cholly

Senior Market Strategist

Tony majored in Economics at Eastern Illinois University. He performed his thesis on the market price of corn in the market and the factors that affect it. Tony was drawn to futures trading because of the opportunity to have financial gains in an economic environment. He prides himself on working with customers one-on-one and developing a trading strategy based on the client's needs and wants.

Read More