ShadowTrader FX Hour 06.09.20 – Cautious of Shorts Ahead of Fed

In today’s FX Hour, we discussed equities, the U.S. dollar and other instruments being range-bound. We discussed the monkeybars showing multiple instruments trading in a narrow range in June, showing a normal distribution with “fair price” peaking in the middle of the […]

In today’s FX Hour, we discussed equities trading range-bound for the week . We discussed how our intraday monkeybar levels have been the range for multiple instruments for the past 5 trading days. We looked at some intraday lower highs and low […]

In today’s FX Hour, we discussed the Chairman Powell’s testimony . We discussed the Fed Chairman testifying before the Senate Banking Committee and indicating significant concerns about the economy. We discussed the U.S. dollar and the lack of move in commodities, specifically […]

In today’s FX Hour, we discussed the pullback in equities but the tendency of bullish moves on Fed day. We discussed the high percentage of bullish days on and after a FOMC meeting and rate decision as the FOMC tends to either […]