Thursday September 7, 2017 - 09:42:52 GMT
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Amazing Trader Ideas For 7 September 2017 Register To Test Your Amazing Trader
The main focus today is the ECB policy decision due. No changes in rates are expected today. Many awit guidance on the position of the central bank vis-a-vis the current value of the EUR exchange rate. Also any hints on the possible timing of the next round of a "tapering" of ECB asset purchases would be welcome.
The EURUSD HOD so far has been 1.1976, while the LOD has been 1.1913. My major focus remains on the 1.2000 line (barrier) as the next POTENTIAL future support level.The yield on the U.S. 10-yr Note was last 2.091%, -1.7bp. The current focus is the pivotal 2.10% line. Use it as an early warning sentiment barometer. 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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