Tuesday October 3, 2017 - 09:36:13 GMT
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Amazing Trader Ideas For 3 October 2017 Register To Test Your Amazing Trader
The EURUSD HOD so far has been 1.1748, while the LOD has been 1.1695. Although it is higher at the moment, the EURUSD has been working generally lower on the back of improving U.S. data and the prospects for a more aggressive Fed policy into yearend. With the Fed starting to run down its massive bond portfolio this month, a key barometer of policy is the yield on the benchmark 10-yr Note. It was last 2.359%, +1.8 bp.
No major data are due today. The key focus is on U.S. employment data on Friday, although there are concerns those data could be distorted by recent storm dislocations in Texas and Florida. Use your Amazing Trader charts to provide market direction.
Forex trading conditions can change quickly, so use your AT charts to monitor current support (red) and resistance (blue) levels. The technicals often 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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