Wednesday July 26, 2017 - 08:57:41 GMT
Share This Story
Global-View - www.global-view.com
Amazing Trader Ideas For 26 July 2017 Register To Test Your Amazing Trader
Markets have been trading defensively ahead of the FOMC decision later today. While no major decisions are expected from a meeting without a press conference, many are still cautious, given the tightening bias of the central bank. The general USD market bias remains negative, but it is still likely to follow the lead of bonds and equities.
Today the EURUSD HOD has been 1.1655, while the LOD has been 1.1612. EURUSD is continuing to work to establish 1.1600 line as support. Liquidity has been contrained by thin summer markets. As usual, look for stops at the daily extremes. Keep an eye on the yield of the U.S. 10-yr Note (last 2.314%, -1.2bp). The 2.30% line remains a key psychological benchmark. 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."