2008-10-14 23:44:03 -
- Kevin Cook, currency analyst and host of Mark2Market programming at www.ONN.tv, met with currency advisor Jack Crooks of Black Swan Capital to look at different ways to play the U.S. dollar strength in the next three to six months. Crooks relies on short- and long-term technical and fundamental analysis of foreign exchange markets to uncover trading opportunities for his
clients. He uses OTC forex markets and CME FX futures and options to deploy his precision approach to trade and investment flows.
"The Euro is toast," said Crooks when asked for his longer-term forecasts. He believes we could easily see the low $1.20s, and possibly lower, on the European single currency. Crooks is advising subscribers to his Black Swan Trading newsletter to buy put options on the EUR/USD pair at this time, focusing on contracts with expirations from six to nine months away.
In the interview, Cook also asked the founder of Black Swan Capital how he chose the name for his firm. Crooks' daily FX commentary can be found on the CME Group website at
cmegroup.com/education/market-commentary/FX-Commentary/index.ht ml.
The complete report can be found on the Mark2Market channel, under the "FX Overnight" tab at www.ONN.tv (
www.onn.tv), or directly through this link (
link.brightcove.com/services/link/bcpid1697139148/bclid1847307 894/bctid1854858995).
Mark2Market programming is exclusively sponsored by Mirus Futures.
About the Options News Network:
Serving a rapidly growing segment of the investment community, The Options News Network is the first media outlet focused exclusively on providing top quality daily options news and entertainment, options education, options trading ideas, options strategies, and expert commentary on the options market, targeting options traders of all skill and experience levels as well as stock investors thinking about options for the first time.
About Mirus Futures:
Mirus Futures is the leading provider of commodity trading brokerage services. As the first full-service firm to launch the Zen-Fire network, Mirus has been able to revolutionize trading experiences worldwide. Clients experience the art of acceleration with the ultimate trading solution; NinjaTrader powered by Zen-Fire. Envision the fastest connection and unfiltered tick data with the strongest available support team and see Mirus.
mirusfutures.com.
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Options News Network
Kevin Cook
(312) 362-2520
info@onn.tv
or
Mirus Futures
Karen Bertoli
(312) 896-1386
karen@mirusfutures.com