Friday July 14, 2017 - 09:25:33 GMT
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Amazing Trader Ideas For 14 July 2017 Register To Test Your Amazing Trader
Markets are trading cautiously into the weekend. Before the end of the day, the U.S. will release key data in the form of Retail Sales and the June CPI. Both figures are key economic indicators for the Fed. This week Fed Chair Yellen expressed her concerns about recent softness in the inflation data. These worries have eased market the odds for a September rate hike.
Today the EURUSD HOD has been 1.1425, while the LOD has been 1.1339. The pair has ben struggling to establish itself solidly above the 1.1400 line. As usual, look for stops at the daily extremes. Keep an eye on the yield of the U.S. 10-yr Note (2.344%, -0.4bp). Follow 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.
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