InvestMacro FX

Nikkei moves higher. Ongoing fear about radiation.

March 16 (Bloomberg) — Richard Cookson, global chief investment officer at Citigroup Inc.’s Private Bank in London, talks about the outlook for Japanese stocks. He speaks with Maryam Nemazee on Bloomberg Television’s “The Pulse.”

Significant events that could affect the trading of the Single currency against the US dollar for the current weeks are as follows:-

Today official report on industrial production was published in the euro zone. The respective data is considered as the key indicator of region’s economic health.

Tomorrow on Tuesday the official report on manufacturing activity in the New York State will be published along with data on import prices and balance of domestic and foreign investment. Moreover the Federal Reserve will also announce its federal funds rate on March 15th.

Comprehensive report on German economic sentiment will be published in euro zone by ZEW Center for Economic Research.

On Wednesday March 16th, 2011 the several reports will be published in United States which will include data on building permits, data on producer price inflation, housing starts and report on crude oil inventories. While in euro zone official report on consumer price inflation will be published.

On March 17th, 2011 United States will publish its report on initial jobless claims along with data on consumer price inflation, industrial production and capacity utilization rate. Moreover, US Federal Reserve Bank will report its manufacturing activity index. In the euro zone, markets in Italy will be closed in observation of national holiday.

On Friday March 18th, 2011 Germany will report its data on producer price inflation in the euro zone while Italy will report its data on trade balance. Official data on the euro zone’s trade balance and data on current account will also be reported in the region.

About the Author

Daily forex trading news written by Rehan from DailyForexTrade.com

By GCI Forex Research

EURUSD Movement

For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3982.

The EU finance commissioner, Michel Barnier stated that the EU cannot afford to delay proposals to restrict short selling over concerns that the measures could harm liquidity in the sovereign-debt market.

In the EU, economic sentiment rose to 31.0 in March, following a reading of 29.5 in February. Additionally, employment rose 0.1% in 4Q FY 2010, after remaining unchanged in 3Q FY2010. In Germany, economic sentiment declined to 14.1 in March from 15.7 in February.

In the Asian session, at 4:00GMT, the EURUSD is trading at 1.3967, 0.11% lower from the levels yesterday at 23:00GMT.

The pair has its first short term resistance at 1.4037, followed by the next resistance at 1.4106. The first support is at 1.3875, with the subsequent support at 1.3782.

Trading trends in the pair today are expected to be determined by data release on CPI and labor costs in the EU.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

Forex Daily Market Commentary provided by GCI Financial Ltd.

GCI Financial Ltd (”GCI”) is a regulated securities and commodities trading firm, specializing in online Foreign Exchange (”Forex”) brokerage. GCI executes billions of dollars per month in foreign exchange transactions alone. In addition to Forex, GCI is a primary market maker in Contracts for Difference (”CFDs”) on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.

DISCLAIMER: GCI’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be U.S.ed as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

By GCI Forex Research

FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)

USD

FX markets remained nervous during the Asia session although sentiment got a small boost after Japanese stocks rebounded. An FOMC statement which sounded a little more optimistic on the US economy also helped. USDJPY and USDCHF remain heavy however. EURUSD traded 1.3954-1.4013, USDJPY 80.69-81.17. The Nikkei rose +5.68%, erasing slightly more than half of yesterday’s losses. A slightly more constructive FOMC statement noted the economic recovery is on a “firmer footing” and also acknowledged improvements in labor market conditions. The Fed seemed to view the rise in energy prices in the context of what it might mean for inflation rather than growth, a sign that they are beginning to worry more about the outlook for inflation. The FOMC did not acknowledge any risk to growth posed by recent events, even though it seems likely these events have created some additional uncertainty. And the FOMC left little doubt that they would complete the $600 bn program of Treasury purchases by June. Our analysts continue to expect the Fed will allow passive balance sheet contraction to occur in H2 2011

EUR

The euro fell 20 pips after Moody’s downgraded Portugal by two-notches to A3, outlook negative. This brings the rating into line with S&P, but Fitch still rates Portugal two notches higher.
Even though the EU surprised with its decisions over the weekend, the press reported that smaller EU states want to change how the size of contributions to the bailout fund is calculated, which points to persistent uncertainty on the fate of the so-called comprehensive solution.
We expect Eurozone CPI for February will match the consensus estimate of +2.4% y/y.
The ZEW surveys in the Eurozone were slightly disappointing as a result of wider risk aversion in the markets. The current situation index in Germany came in below expectations at 85.40 and the economic sentiment index at 14.10.

JPY

Headlines throughout the session indicated ongoing uncertainty regarding the damaged nuclear reactors in Japan. USDJPY was range-bound but heavy, although yen crosses were a little firmer on the back of much stronger Japanese equities. Finance Minister Noda again reminded investors that he is watching markets closely.

TECHNICAL OUTLOOK
AUDUSD 0.9804 key support.
EURUSD BULLISH The pair eyes 1.4003/36 resistance area, break of this would expose 1.4086. Initial support lies at 1.3855, yesterday’s reaction low.
USDJPY BEARISH Currently holds support at 80.61 ahead of 80.22 key support. Initial resistance defined at 82.00.
GBPUSD BEARISH Bearish pressure holds above 1.5964; a break here is required to confirm the bear trend and expose 1.5845. Near-term resistance lies at 1.6200.
USDCHF BEARISH Bearish trend is intact; break of 0.9200 has exposed 0.9000 ahead of 0.8951. Initial resistance is at 0.9369.
AUDUSD BEARISH Sharp sell-off yesterday held above 0.9804 key support ahead of 0.9739. Initial resistance defined at 1.0107.
USDCAD NEUTRAL Recovery through 0.9902/59 has exposed 1.0011/58 area. Support lies at 0.9735.
EURCHF BEARISH Focus is on 1.2727/06 support zone, while resistance is at 1.2945.
EURGBP BULLISH Momentum is positive; break of 0.8692 has exposed 0.8787 Fibonacci level ahead of 0.8818. Near-term support is at 0.8626.
EURJPY NEUTRAL Key support lies at 111.96, break of this would pave the way to 110.78 next. Resistance is at 115.02/29 area ahead of 116.00.

Forex Daily Market Commentary provided by GCI Financial Ltd.

GCI Financial Ltd (”GCI”) is a regulated securities and commodities trading firm, specializing in online Foreign Exchange (”Forex”) brokerage. GCI executes billions of dollars per month in foreign exchange transactions alone. In addition to Forex, GCI is a primary market maker in Contracts for Difference (”CFDs”) on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.

DISCLAIMER: GCI’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be U.S.ed as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

By Anton Eljwizat

The USD has dropped significantly versus the CHF in the past few days, and it is currently traded around 0.9180. And now as evident in the data below, the 8-hour chart is giving bullish signals, indicating that USD/CHF pair might go up. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal.

• Below is the 8-hour chart of the USD/CHF currency pair.

• The technical indicators that are used are the William Percent Range, Relative Strength Index (RSI), and Slow Stochastic.

• Point 1: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.

• Point 2: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the oversold territory, signaling upward pressure.

• Point 3: The Williams Percent Range shows that this pair was heavily over-sold peaked near the highest mark it could reach, and then turned a corner and now stands in a bullish posture.

USD/CHF 8-Hour Chart

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Source: ForexYard

The US dollar corrected losses against most of the major currencies over the past few days, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market and turned investors to look for safer assets, such as the dollar and the Japanese yen.

Economic News

USD – Deteriorating Risk Appetite a Boon for USD Traders

The US dollar rallied versus most of the other major currencies over the past week. The greenback gained about 300 pips against the euro and British pound, with a paring of these gains experienced against the euro over the last 24 hours.

The dollar fell last week as a result of several disappointing publications from the US economy. The trade balance report, which measures the difference between imported and exported goods and services, showed that the US trade deficit widened to $46.3B in February, failing to reach expectations for a $41.4B deficit.

The US weekly unemployment claims also revealed a stark 397,000 people having filed for unemployment insurance for the first time during the past week, well above expectations for 375,000 individuals. This continued the negative employment data from the Non-Farm Payrolls publications which was released two weeks ago. The negative data keeps investors cautious regarding their portfolios, and as a result increases risk-aversion in the market.

Tensions in Japan regarding a potential nuclear meltdown following the recent earthquake and tsunami have also fed into global fears, driving investors into the safety of the greenback.

As for the rest of the week, many interesting publications are expected from the US economy. Traders are advised to follow the PPI and CPI inflationary figures, the Building Permits data, and the Philly Manufacturing Index being released throughout the week. These indicators tend to have a large impact on the market, and each publication is likely to influence the dollar’s trading significantly.

EUR – EUR Mixed as Market Assesses Global Risk Sentiment

The euro gained against most of the major currencies over the past few trading sessions. The euro dropped about 300 pips against the US dollar, but the EUR/USD is now trading back around the 1.3980 level after recouping its losses.

While the euro was able to make moderate gains against the US dollar yesterday, the currency was virtually flat against the Japanese yen and British pound. Furthermore, against the Swiss franc the EUR saw a steep decline throughout the day.

Analysts attributed the euro’s sluggish behavior to a combination of global events that are keeping investors away from riskier assets. Chief among these events is the prolonged doubt the euro zone will be able to effectively tackle its sovereign debt woes. Risk aversion brought on by the Japanese nuclear crisis has also shaken up many investors, causing a wave of portfolio reevaluations by large investment banks and a general flight to safety.

As for today, traders will want to eye the employment figure from Britain as well as the general inflationary figures out of the euro zone proper. The US economy will also be releasing inflationary figures that should carry a moderate impact onto today’s trading. Any additional negativity injected into this trading environment will likely lead to added growth in risk aversion.

JPY – Yen Gaining from Risk Aversion; Appears Unstable

Over the past several trading sessions the Japanese yen has appreciated against most of the major currencies due to heightened risk aversion. The yen gained about 300 pips against the euro, and approximately 600 pips against the British pound. Against the US dollar the yen saw a volatile session without a clear trend, but appears to have turned downward against its American rival.

It appears that reports out of Japan regarding its recovery from a recent earthquake and tsunami, which has almost brought one of its nuclear facilities to a catastrophic meltdown, is driving investors to reassess the risk exposure in their portfolios. Without positive data from various global economies, it doesn’t seem likely that the Japanese market will recover in a hasty manner. The yen appears poised for sharp gains while Japanese stocks and indices plummet from a capital shift.

Looking ahead to this week, traders are advised to follow the major economic publications from the US and the euro-zone, and to take under consideration that positive data might increase risk appetite, and as a result erase the yen’s gains from the past week.

Crude Oil – Crude Oil Falls to $98 a Barrel

The price for a barrel of Crude Oil sunk yesterday as a rapid increase in risk aversion drove many investors away from higher yielding assets and commodities in exchange for safe-haven investments, like the US dollar and Japanese yen. Persistent turmoil in Libya has a number of investors concerned that oil prices will remain in a state of flux, more subject to risk sentiment than is typical.

With today’s economic calendar focusing on European and American inflation it isn’t likely that traders will see many strong price shifts brought on by fundamental data. Today’s US Crude Oil Inventories report has the potential to affect prices, especially with expectations for a slight rise in inventories by 1.8 million barrels. With little supporting oil prices, it seems likely that traders will see a continuation of yesterday’s downward price action.

Technical News

EUR/USD

Most technical indicators are showing that this pair is over-bought and is likely to see a downward correction in the near future. On the 8-hour chart, the Williams Percent Range has crossed into the over-bought region, while the daily chart’s MACD shows a bearish cross has recently formed. Going short appears to be the wise choice today.

GBP/USD

The Stochastic (slow) on the 4-hour chart has formed a bearish cross, indicating that downward movement is likely to occur. This theory is supported by the Williams Percent Range on the 8-hour chart, which is currently well into the over-bought territory. Traders will likely want to short this pair today.

USD/JPY

Technical indicators are showing mixed signals for this pair. While the daily chart’s Relative Strength Index (RSI) is in over-bought territory and the 4-hour chart’s Stochastic (slow) has formed a bullish cross. Traders may want to take a wait and see approach today, as a clearer direction is likely to present itself later on.

USD/CHF

Virtually all technical indicators are showing this pair in over-sold territory, meaning an upward correction is likely to occur in the near future. The Williams Percent Range on the 8-hour chart is at -90 while the Stochastic (slow) on the 4-hour chart has formed a bullish cross. Going long may be the preferred strategy today.

The Wild Card

GBP/CHF

The Williams Percent Range on the 8-hour chart of this pair is currently in over-sold territory, indicating that an upward correction is likely to take place. This theory is supported by the Stochastic (slow) on the same chart, as well as the 4-hour chart’s RSI. Now may be a great time for forex traders to open up long positions before the upward breach occurs.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

EUR-USD

It can be seen that the last candle stick supported on the level of 1.3860, however, produces Japanese pattern, which signifies the end of an uptrend. Due to this we believe that the break out of the price level of 1.4036 will bring to the level of 1.43. On the other hand, the break down of the level 1.3860 will most likely bring down the price to the level of 1.34.

As can be seen by the graph bellow:

Potential Trade

Two possibilities:

1.    The break out of the price at the level of 1.4040, you can move to the hourly time frame and to look for the upward price structure and to enter the long position. First target: 1.4107. Second target: 1.4150.

2.    The break down of the price at the level of 1.3856, you can move to the hourly time frame, to search for downward price structure and to enter the short position. Target 1.3750.

As can be seen by the graph bellow:

GBP-USD

The price did not fix a third of the course of the increase (broken blue line). The price break down of the level 1.5960, will most likely in the first stage go down to repair 50% Fibonacci- level of-1.5850.

As can be seen by the graph bellow:

 Possible Trade

The price stopped at the resistance level of 1.6085, you can search in the hourly time frame for the downward price structure and to enter the short position. Target: 1.5980.

As can be seen by the graph bellow:

RISK DISCLAIMER

Forex trading involves high risk. Before any trade, you should consider carefully the investment objectives and the level of risk. The data sent by mail is not necessarily real-time data or precise. Real-Forex is not liable for the losses resulting from the utilization of the data. Real-Forex (Finnocorp Trading Solution Ltd

.) is not liable for losses or damages as a result of reliance on the information provided by e-mail or on the overall data, quotes, charts, signals buy / sell. It is hereby clarified that the investor must be aware of risks involved in trading in financial markets, which is a form of investment that may contain potential risks.

Real-Forex team 

Trade like the pro’s with a true ECN Forex broker

The USD has dropped significantly versus the CHF in the past few days, and it is currently traded around 0.9180. And now as evident in the data below, the 8-hour chart is giving bullish signals, indicating that USD/CHF pair might go up. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal.

• Below is the 8-hour chart of the USD/CHF currency pair.

• The technical indicators that are used are the William Percent Range, Relative Strength Index (RSI), and Slow Stochastic.

• Point 1: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.

• Point 2: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the oversold territory, signaling upward pressure.

• Point 3: The Williams Percent Range shows that this pair was heavily over-sold peaked near the highest mark it could reach, and then turned a corner and now stands in a bullish posture.

USD/CHF 8-Hour Chart

By Jared Levy, Editor, Smart Investing Daily, taipanpublishinggroup.com

First and foremost, we at Taipan offer our thoughts and prayers to everyone who has been affected by the recent events that have struck Japan. As a trader or investor, as awkward and sometimes morbid as it may be, you must think about how your investment portfolio will be affected by a natural disaster such as this.

Given the enormity, severity and far-reaching ramifications of an event like we have seen, finding an investment angle can be a daunting task.

It helps to make a list of possible sectors, stocks and currencies that may be vulnerable, along with a basic thesis for each before you think about investing any cash or adjusting positions in your portfolio. Furthermore, you should understand how each investment is linked to the Japanese economy and/or the after effects of the disaster.

A good friend and fellow trader, Jeff Tomasulo, was kind enough to send me a list he compiled of the companies, ETFs and currency funds that may be correlated directly or indirectly to the disaster. He also gave me permission to share this list with you. I’ve narrowed it down to key companies and investments (because with a tragedy as big as what’s unfolding in Japan can affect huge numbers of investments) and offered commentary to help rationalize each sector for you.

Japanese ETFs

The following ETFs are traded here in the States and allow you to take bullish or bearish positions in a basket of stocks or currency. The Japanese stock market has been weak, but the yen has been rallying. Investments in either of these ETFs require further research. There are many forces pulling on both the currency and profitability of Japanese companies. Speculating on these types of occurrences requires great skill; use caution.

• iShares MSCI Japan Index (EWJ:NYSE) — This is a very wide stock index that encompasses 85% of total equities in Japan. It gives you broad exposure to the Japanese stock market, which still looks weak.
• CurrencyShares Japanese Yen Trust (FXY:NYSE) — This is an ETF that essentially tracks performance of the USD/Japanese yen pair, multiplied by 100. It trades similar to stock. If the yen is increasing in strength against the dollar, the index is rising and vice versa. It is an alternative to trading the FX markets.

One thing to keep in mind is that Japan’s economy is heavily reliant on exports. A stronger currency makes Japan’s exports more expensive for other countries to buy. The severe damage to Japan’s infrastructure will also impede production and exports.

Japanese ADRs

Below is a list of Japanese companies that trade on U.S. exchanges. Basically these stocks trade in tandem with their stocks listed overseas. An ADR (American depositary receipt) trades just like a regular stock. They are an easy way for the average investor to buy or short a foreign company.

Some of these companies may or may not be severely affected; remember that many of them sell products around the world. Problems may arise if their factories are damaged or if they have trouble shipping goods.

• Advantest Corp. (ATE:NYSE) — chipmaker
• Nintendo Co. (NTDOY:Pink Sheet) — game consol maker
• Sony Corp. (SNE:NYSE) — electronics such as cameras, televisions, video players
• Panasonic Corp. (PC:NYSE) — similar to Sony
• Canon (CAJ:NYSE) — digital and manual cameras, printers and copiers
• Hitachi Ltd. (HIT:NYSE) — electronics, power tools, and even power systems for nuclear plants
• Nippon Telegraph & Telephone Corp. (NTT:NYSE) — mobile phone provider
• Honda Motor (HMC:NYSE) — manufacturer of automobiles, motorcycles, and multi-utility vehicles
• Nissan Motor Corp. (NSANY:Pink Sheet) — makes automotives products and industrial machinery
• Toyota Motor (TM:NYSE) — major automaker
• Mitsui (MITSY:NASDAQ)– general trading company

Some of these companies also have production in other countries, so going through this list with a fine-toothed comb could help you find companies whose production will not be hampered as greatly as others with production in Japan.

(Investing doesn’t have to be complicated. Sign up for Smart Investing Daily and let me and my fellow editor Sara Nunnally simplify the stock market for you with our easy-to-understand investment articles.)

U.S. Listed Insurers/Reinsurers

Insurance companies may have exposure to Japan, as they may have to pay large claims to make good on their policies.

Here are a couple companies in that space that may have exposure.

• Aflac (AFL:NYSE)
• Berkshire Hathaway (BRK-B:NYSE)
• Prudential (PRU:NYSE)
• Travelers (TRV:NYSE)
• Aviva Plc (AV:NYSE)
• ACE Limited (ACE:NYSE)
• Allstate (ALL:NYSE)
• Everest Re Group, Ltd.(RE:NYSE)
• RenaissanceRe Holdings Ltd. (RNR:NYSE)

This sector requires some work to understand. One company, Aflac (AFL:NYSE) previously said it is the No. 1 insurance company in Japan in terms of individual policies in force and Aflac Japan’s revenues accounted for 75% of the company’s total revenues in 2010. That exposure may put continued pressure on the company famous for their quacking duck.

Disaster Prevention and Protection

Preparing for disaster and preventing the loss of life and property is big business; these two companies may see future investments from municipalities, governments, builders, etc. who want not only get an early warning, but protect structures from damage.

• Taylor Devices (TAYD:NASDAQ) produces seismic dampers, which are designed to ameliorate the effects of earthquake tremors on structures and represent a substantial part of the business of the company.
• Sutron Corp. (STRN:NASDAQ)specializes in meteorological and oceanic management of water resources for early warning of disastrous floods, storms or tsunamis, and for the optimization of hydropower plants.

This sector is one of the first to see investment interest after a disaster. After the 2004 tsunami that killed hundreds of thousands of people from Thailand and Indonesia to India and Sri Lanka, Taylor Devices jumped from $2.52 to $7.24 overnight.

Energy

If a substantial number of Japan’s nuclear reactors remain offline or if radiation leaks continue, you can bet that alternative energy sources will not only be needed, but demanded by the people/government.

Traditional thermal generation is first on the list and less expensive than coal, oil, and natural gas/LNG.

Solar panels and wind turbines are more costly, but may get serious consideration given the circumstances.

• Tesoro (TSO:NYSE) — oil and gas refiner
• Valero (VLO:NYSE) — oil and gas refiner
• Hess (HES:NYSE) — oil and gas refiner
• Marathon Oil (MRO:NYSE) — oil and gas refiner
• First Solar (FSLR:NASDAQ) — solar panel manufacturer
• United States Natural Gas Fund (UNG:NYSE) — Natural gas fund ETF

Japan imports nearly all its energy — oil, natural gas, fuel… Companies from refiners to alternative energy equipment manufacturers could be in hot demand.

Overall Rebuilding Process

• Shaw Group, Inc. (SHAW:NYSE)– rebuilds nuclear plants
• VALE S.A. (VALE:NYSE) — iron ore and other metals mining company
• Freeport-McMoRan (FCX:NYSE) — copper and gold mining, infrastructure
• Fluor (FLR:NYSE) — engineering company for energy, infrastructure, and government
• Chicago Bridge and Iron (CBI:NYSE) — engineering, procurement and construction, energy and natural resource industries

There are many companies that are not listed here that may still be affected by the quake. Obviously, the rebuilding and/or removal of nuclear power plants can include another basket of companies, but for now, this list should get your mind going and allow you to take your research even further.

But you may already be holding some of these companies I’ve listed today in your investment portfolio, and are wondering if they’re safe to keep holding. By breaking down this list into specific categories, I’ve shown you where these companies fall — in the disaster area or the rebuilding area.

Those in the disaster area are likely to experience more pain. After the dust settles, those in the rebuilding categories may generate some interest.

For now, let’s keep Japan in our thoughts.

Editor’s Note: Most People Are Too Busy Denying the Facts to Even Touch This Story… We’re likely to be called crazy for running this story. But at the risk of ridicule, we feel you need to know about what’s going on. As I said, most people wouldn’t even consider sharing this with you… Learn more from Taipan’s Safe Haven Investor.

About the Author

Jared Levy is Editor of WaveStrength Options Weekly, our options trading research service and Co-Editor of Smart Investing Daily, a free e-letter dedicated to guiding investors through the world of finance in order to make smart investing decisions. His passion is teaching the public how to successfully trade and invest while keeping risk low.

Jared has spent the past 15 years of his career in the finance and options industry, working as a retail money manager, a floor specialist for Fortune 1000 companies, and most recently a senior derivatives strategist. He was one of the Philadelphia Stock Exchange’s youngest-ever members to become a market maker on three major U.S. exchanges.

He has been featured in several industry publications and won an Emmy for his daily video “Trader Cast.” Jared serves as a CNBC Fast Money contributor and has appeared on Bloomberg, Fox Business, CNN Radio, Wall Street Journal radio and is regularly quoted by Reuters, The Wall Street Journal and Yahoo! Finance, among other publications.