Day traders have a long term love affair with the Euro Fx market. First traders must understand that the Euro FX is not the same as the forex EURO/USD. While they both represent the value of the Eurodollar Currency the difference lies in the actual contract.

In today's pre-market prep, we take a look at the S&P and EUR/USD markets. In the Euro market, we mentioned previously that this market would need to break above its previous top in order to be seen as an up move. Well, it has since stalled it this level and is still vulnerable to move back downwards and form a double top.

Today's Daily Market Study with Dan Gramza reviews yesterday's setups in each of the CME Group markets. Dan presents graphs in his easy to understand teaching style to provide insights, considerations and implications for trading futures and options on Stock Indexes, Forex, Grains, Precious Metals and more.

Just like the chart of the Dollar Index (DXC) - there is some sideways consolidation taking place presently in USD/NOK. This should be expected as generally speaking USD/NOK and DXC move in tandem.

I think by most conventional measures, used by most professional investors, European Central Bank Chief Mario Draghi has been a success. He has bolstered the returns for equity funds considerably since his decision to utilize a three-year term, instead of one year, in the ECB recent liquidity injection to European banks.

Today's video will take a look at understanding where you are in the larger time frame. When traders begin intraday trading, a lot of them know about being aware of the larger time frame, but they tend to forget and it slips out of their mind. Let's see how these larger time frames can give got indications as to where supply and demand is in the market.

Corn was the only grain to close the year of 2011 in the black, while the rest of the grain complex was down for 2011, most notably Wheat, which fell almost 30% from the peak in February 2011 to the lows in late December.

In today's pre-market prep video, we will take a look at the Crude, Euro and S&P markets. In the crude oil market, we saw a surge upward in trading yesterday. However, we still have not reached the resistance levels that we listed out last week, so those have stayed the same this week. Our support levels continue to hold as this market does not seem able to move much lower than its current position.

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View daily updates outlining setups from the previous day in each of the CME Group markets.

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