Thursday June 29, 2017 - 10:10:56 GMT
Share This Story
Global-View - www.global-view.com
Amazing Trader Ideas For 29 June 2017 Register To Test Your Amazing Trader
This week has seen forex trading become hostage to the fixed income (bond) markets. ECB President Draghi got the markets rolling when he hinted at ECB steps down the road to start to normalize policy. Subsequent efforts verbally to put the brakes on market expectations are being ignored. Rumblings about policy "normalization" slewhere have been fueling the fire. The EURUSD pair has been testing above the 1.1400 line today. Today the EURUSD HOD has been 1.1436, while the LOD has been 1.1337. The trading pattern this week has been for EUR to make a quantum adjustment higher and then consolidate. Central bankers have been trying to cap the moves through verbal intervention with little success, but have become a source of price instability and likely will remain so. We continue to watch the 2.20% line in the 10-yr note. Keep a close watch on your Amazing Trader charts for market direction.
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.
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."