In today’s FX Hour, we discussed the broad markets, commodities and forex trading. A weak economy often is accompanied by monetary policy changes to stimulate the economy that weaken the currency of that economy. A strong economy is often a tightening monetary policy and can strengthen a currency. We can watch sector rotation as an […]
In today’s FX Hour, we discussed the bullish equity move on low volume and the correlation to the U.S. dollar and commodities. With the bump in equities and the correlated AUD/JPY pair, we expect one more bullish push to retest recent resistance levels at which point we are watching for a bearish correction in equities, […]
In today’s FX Hour, we discussed historic correlations and the return to the correlations in many pairs Commodity prices are continuing to test new weekly lows and the correlations to the commodity currency pairs remains high. We are looking for continued trends in conjunction with our historic correlations to confirm one another in our forex […]
In today’s FX Hour, we watched Apple’s (AAPL) earnings report and discussed the impact of AAPL on forex trading. We reviewed the move in the dollar against the world currencies and discussed how commodity prices and continued global economic slowdown is driving U.S. equities and the U.S. dollar in the same direction. These two usually […]
In today’s FX Hour, we discussed the current market conditions and the impact of CPI and Purchasing Power Parity on Forex Trading. Consumer Price Index or CPI is a measure of inflation that each major country uses to see the declining and increasing purchasing power of their domestic currency on a basket of goods and […]
In today’s ShadowTrader FX Hour, we discussed the combining two technical indicators based on price to help identify key support and resistance levels in our forex trading. We spent the hour looking at charts applying a combination of Andrew’s Pitchfork and our Reverse Fibonacci Fan technique that we have discussed in previous FX Hour sessions. […]
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.