Wednesday March 1, 2017 - 11:41:29 GMT
Share This Story
Global-View - www.global-view.com
Amazing Trader Early EURUSD Ideas for 1 March 2017Register for the Amazing Trader
Forex trading is revolving around two positive USD items. The first is that Trump got through his speech to Congress last night unscathed. Keep in mind that for him the bar is set fairly low. In future, he might consider working more often from a script? The second positive for the USD is increasing noise out of the "Fed Chorus" in favor of an early hike in the Fed Funds rate (March 15?). For once they all appear to have the same music sheet. A Fed rate hike would be viewed as USD positive (increased confidence).
Keep an eye on the correlation trades today. USDJPY and S&P up, EURUSD lower on higher S&P and EURUSD weaker on higher 10-yr yields. I must warn that these correlation trades have not been reliable in recent sessions as they have been in the past. Also note the GBPUSD is weak. GBPUSD selling often generates offset EURUSD demand Via those who trade the EURGBP cross.
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."