Wednesday June 21, 2017 - 09:44:44 GMT
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Amazing Trader Ideas For 21 June 2017 Register To Test Your Amazing Trader
Continued softness in equity markets has been pressing bond yields lower. Probably the tightest inter-market relationship of all is between stocks and bonds, mainly because bonds are the primary alternative investment instruments for those moving in and out of shares. Lower U.S., yields have seen USDJPY better offered at this hour. Watch the S&P and how it is impacting the 10-yr yield. After taking a basic view on the markets, I let the Amazing Trader charts drive my trading stategy.
Today the EURUSD HOD has been 1.1151, while the LOD has been 1.1127. Once again, this is an unsustanably narrow range. With the week thin in terms of event risk, keep a close watch on the technicals and your Amazing Trader charts.
Forex trading conditions can change quickly, so use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals frequently change ahead of the fundamentals. Changing colors and/or disappearing or new lines on the Amazing Trader (AT) charts will tell you which way the winds are blowing. Keep an eye on which color lines are being drawn or erased as your leading momentum indicator.
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