Bank of America Merrill Lynch remains bullish on the U.S. dollar but thinks key interest rates could be topping along with certain precious metals. BAML: Watching resistance on the euro BAML’s technical strategist MacNeil Curry is short the euro relative to the dollar, targeting the 1.0283 level. Curry says the euro needs to break the May 07 high at 1.1392 to invalidate the bearish trade setup he recommends. The euro is currently knocking on this door of this resistance level. Using Elliott Wave technical analysis methods, Curry notes the current correction completed a five wave correction. If the 1.1392 level…
BAML Thinks Bill Gross "Trade Of The Year" Coming To Premature End
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.