Wednesday January 25, 2017 - 11:16:55 GMT
Share This Story
Global-View - www.global-view.com
Amazing Trader Early EURUSD Ideas for 25 January 2017 Register for the Amazing Trader
Amazing Trader EURUSD charts updated to your systems
The focus of trade late Tuesday and earlier today had been an incipient recovery in equities, however "the best laid plans of mice and men..." The tone of the USD was undermined a couple of hours ago after a sudden spike higher in the GBP destabilized the markets. All we can surmise is that it must have been a large market order to buy the GBP. The EURUSD then worked higher vs. the USD with a 15-30 min lag. EURUSD traded up from a rough 1.0725 to a 1.0750 level as it followed GBPUSD. We will still be keeping a close eye on the yield of the 10-yr note (last 2.478% +1.3bp and S&P futures (+7) for general market guidance.
The EURUSD HOD has been 1.0755 (1.0750 is neutrality) the LOD has been 1.0711. Expect stops at these extremes. Local support is 1.0733.
The GBPUSD remains up on the day. Its HOD has been 1.2599, and its LOD 1.2490. Flows in and out of the EURGBP cross can have a decisive impact on the value of the EURUSD. So far the EURGBP is down modestly on the day. Keep an eye on this cross for key market clues as to flows
Tune in frequently to the GVI Forum for updated trading insights as the session unfolds.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."