Wednesday February 22, 2017 - 11:21:29 GMT
Share This Story
Global-View - www.global-view.com
Amazing Trader Early EURUSD Ideas for 22 February 2017 Register for the Amazing Trader
Amazing Trader EURUSD charts updated to your systems
The forex markets cautiously came back to life on Tuesday, but traders were slow to jump onto a lower EURUSD trade. Today the momentum in that direction has persisted and many are starting now to take notice. Based on the declines we have seen in sovereign debt yields, it appears that Europe is seeing the early stages of a flight to safety trade in the EU, as a number of leadership elections loom for later in the year. Higher interest rates generally have been putting the USD in demand. I suggest traders keep a close eye on bond yields. The EURUSD HOD has been 1.0557 and its LOD 1.0493. EURUSD has been pivoting the 1.0500 line. Stops on the dowside to be in play, although recent COT data suggest that stops on both the upside and downside are likely light. After the LOD, stops come in at 1.0453. The EURUSD bias has shited to the downside.
The GBPUSD heavy again today. An upward revision today in 4Q16 Q/Q GDP gave the GBP a short-lived boost. The GBPUSD HOD bas been 1.2509. Its LOD is 1.2436. EURGBP is about steady. Flows in and out of the EURGBP cross can have a significant impact on the value of EURUSD and change the EURUSD tone. 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."