Good Morning Value areas and POC figures for /ESZ5 and /NQZ5 are posted free every morning HERE. Smaller balance area of Monday’s range broke out to the upside yesterday on the back of a relatively poor low (two ticks of excess) which illustrated that short term traders got overly short and were not able to […]
Today we saw the markets price in FOMC rate announcement expectations. We saw a rally in equities and in the dollar as well as oil prices. We read this as the market pricing in no rate hike but positive growth comments. We will see if our expectations are accurate. The GBP/USD fell today and is […]
(Xcel Energy – CMS Energy) We just never know where a pair might go, but it looks as though our energy pair is going to settle right down into a long entry soon. The technicals are looking favourable for our long entry with the RSI Wilder weak and easily moving down to 5 or less. […]
In today’s ShadowTrader FX Hour, we discussed the FOMC meeting and our expectations from the FOMC and Fed Chair Janet Yellen. The impact to forex trading and our currency pairs as well as equity markets could be significant.