Friday September 8, 2017 - 09:41:57 GMT
Share This Story
Global-View - www.global-view.com
Amazing Trader Ideas For 8 September 2017 Register To Test Your Amazing Trader
No major data are due from the U.S. today. U.S. markets will be focused on the approach of major hurricane, Irene, to southern Florida over the weekend. The outcome of the ECB meeting yesterday was about as expected. Rates were kept steady as widely forecast. It was made abundantly clear that the ECB has concerns about the strength of the EUR to the point where it is obvious that it has been influencing its policy decisions. On the other hand, it is unclear what they might do about it.
The EURUSD HOD so far has been 1.2093, while the LOD has been 1.2017. My major focus remains on the 1.2000 line as new potential support level. The yield on the U.S. 10-yr Note was last 2.023%, -3.7bp. The current focus is the pivotal 2.00% line. Use it as your 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.
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."