Wednesday May 3, 2017 - 08:59:06 GMT
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Today sees an active data calendar out of the U.S. ADP Private employment data are due at the New York open. Recently they have been out of phase with non-farm payrolls. The ISM Services PMI mid-morning are always closely followed. Then early afternoon will see the latest Fed policy decision. No policy changes are expected. The focus will be on any hints about the June meeting where a rate hike generally is expected.
The EURUSD HOD has been 1.0938, while the LOD is 1.0908. Once again the EURUSD 1.0900 line should set the market tone. Use your AT charts for current support (red) and resistance (blue) levels. Changing colors on the Amazing Trader (AT) charts will tell you which way the winds are blowing.
Watch live to see the color lines that are being drawn or erased. Current Market observations are updated on the GVI Forum. Refer to your continuously updated Amazing Trader charts for precise Support and Resistance levels as the session wears on. View trading strategies, test ideas, post comments, ask questions, etc. on the GVI Forum. For access contact: [email protected]
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