Forex john what is gbp doing if you have time to poste 2y chart and your talent tks
sofia kaprikorn 14:18:18 GMT - 07/27/2014
Great chart reg. EUR/USD vs. 2Y EZ rate - a picture is worth a thousand words.
GVI Forex john 21:59:32 GMT - 07/26/2014
Fundamentals for Trading. EXCLUSIVE CHART:
Some have asked me to re-explain this chart
It consists of two elements; interest rates and EURUSD spot.
1) interest rates: forex is all about MONEY. The cost of money is interest rates. higher interest rates increase demand for a given currency and lower interest rates mean reduced demand.
There are two interest rate lines. The blue dashed line is the official ECB administered cost of overnight funds. It does not change frequently. The other blue line is the free market cost of funds for two years. The market two year rate amounts to a forecast for the official administered rate for the next two years.
When it is below the official rate, depositors and lenders are saying that they expect the official rate is going to fall. If the market rate is above the official rate, it means they agree that rates are going to rise.
This chart says that professional traders agree that the ECB is going to reduce rates in the future. falling interest rates are EURUSD negative.
2) EURUSD line. The grey EURUSD line shows the interaction of the EURUSD pair with rises and falls in EUR interest rates. Moves are not always as fast as they once were, but they generally move together. Note the EURUSD has been following interest rates lower, This is how the fundamentals determine forex values.
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