Trading Video: EURUSD Back to 1.3500, Dow Closes at a Record High
A second day of Yellen testimony didn't bring surprise, but it did seem to foster a USD and risk rebound
Between a firmer dollar and easing of Euro-area fears, EURUSD has ended the day at key support: 1.3500
Despite heavy event risk which offered clear favor to the pound, GBPUSD refused to progress beyond 1.7200
Despite a mix of data that offered a distinct favor for the sterling, GBPUSD failed to overtake 1.7200. Meanwhile, a more mixed picture for EURUSD wouldn't keep it from pulling into 1.3500. Both majors are at key technical levels that no doubt have FX traders projecting serious trend developments, but the analysis isn't adding up favorably. Scheduled event risk, underlying fundamental themes, general volatility conditions are not solidifying into the same mold that technicals alone seem to take. With a number of great looking technical opportunities on hand, we discuss the bigger picture for these trade setups in today's Trading Video.
Volatility is Turning, Yen Crosses and Equities Ready(based on dailyfx article)
A change in market conditions is likely stirring more deeply than just surface volatility on headlines
Each short-term trigger that we meet reminds investors of extreme market positioning
The S&P 500 will be one of the key signals, but before it gives Yen crosses will lead the way
Is there a deeper well of change behind the markets than just this past week's headline-derived swell in volatility? We have seen short-lived panics quickly squashed by opportunistic traders many times over the past months and years, with conditions ultimately returning to complacency and an increasingly stretched reach for return. Yet, rather than focus on the ripple, the underlying current is starting to turn. The pull of a 'return to norm' is exposing investors' leverage to risk and finding different benchmarks for sentiment on divergent paths. What should we watch for and where are the trading opportunities? We discuss this in the weekend Trading Video.
Trading Video: Risk Trends and Rate Expectations Amid FOMC, NFPs, GDP
The coming week looks to be one dominated by rate speculation, but risk trends are coiled like a spring
US event risk including the Fed rate decision, July NFPs and 2Q US GDP look to dominate headline
Yet, event risk alone will not ensure strong trends from the likes of EURUSD, GBPUSD and USDJPY Market conditions change, and our strategy should reflect those changes.
With the US docket alone carrying the quarterly GDP reading, nonfarm payrolls report and FOMC rate decision; it looks like we are set for a busy week. These and other major fundamental catalysts are certainly high profile and easily segue into one of the FX market's primary themes: interest rate expectations. However, a wary eye must be kept on the current for sentiment as a general trend is developing between bottoming volatility indexes, consolidating carry trades and diverging performance between risk-sensitive asset classes. As tides turn, key pairs mark progress and event risk approaches; we discuss how to prepare in the weekend Trading Video.
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Discover the Psychology within trading and its importance in order to be a trader who can make money consistently.
"Going Solo" From Demo to Live Accounts: Lessons from the Air
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.07.17 14:04
Trading Video: EURUSD Back to 1.3500, Dow Closes at a Record High
Despite a mix of data that offered a distinct favor for the sterling, GBPUSD failed to overtake 1.7200. Meanwhile, a more mixed picture for EURUSD wouldn't keep it from pulling into 1.3500. Both majors are at key technical levels that no doubt have FX traders projecting serious trend developments, but the analysis isn't adding up favorably. Scheduled event risk, underlying fundamental themes, general volatility conditions are not solidifying into the same mold that technicals alone seem to take. With a number of great looking technical opportunities on hand, we discuss the bigger picture for these trade setups in today's Trading Video.
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.07.19 19:04
Volatility is Turning, Yen Crosses and Equities Ready (based on dailyfx article)
Is there a deeper well of change behind the markets than just this past week's headline-derived swell in volatility? We have seen short-lived panics quickly squashed by opportunistic traders many times over the past months and years, with conditions ultimately returning to complacency and an increasingly stretched reach for return. Yet, rather than focus on the ripple, the underlying current is starting to turn. The pull of a 'return to norm' is exposing investors' leverage to risk and finding different benchmarks for sentiment on divergent paths. What should we watch for and where are the trading opportunities? We discuss this in the weekend Trading Video.
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Ichimoku Multiple Time Frame Analysis
Today we try and clear up the confussion with ichimoku multiple time frame analysis.
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.07.26 11:20
Trading Video: Risk Trends and Rate Expectations Amid FOMC, NFPs, GDP
With the US docket alone carrying the quarterly GDP reading, nonfarm payrolls report and FOMC rate decision; it looks like we are set for a busy week. These and other major fundamental catalysts are certainly high profile and easily segue into one of the FX market's primary themes: interest rate expectations. However, a wary eye must be kept on the current for sentiment as a general trend is developing between bottoming volatility indexes, consolidating carry trades and diverging performance between risk-sensitive asset classes. As tides turn, key pairs mark progress and event risk approaches; we discuss how to prepare in the weekend Trading Video.