Wednesday, July 9, 2014
During today's webinar session, we discussed investor's expectations regarding the forthcoming statements within the FOMC minutes and the influence this reading may have on the dollar trade. Many investors will be looking to see if there is any indication of the FED accelerating their timeline for an interest rate hike, and if there are any changes to their exit strategy, especially after the good Non-Farm Employment Report for June.
For the past few trading sessions, natural & geo-political conflicts around the globe have caused the market to embrace a risk-off mode, with global equities falling as funds continue to rotate out of higher yielding assets into fixed income. For another trading session, we saw substantial support on the longer end of the US Treasury curve. This was the reason for the dollar weakness we saw during Wednesday's trading session.
In today's trading webinar, we observed price action in a few currency pairs and identified common areas of support and resistance for trade entry.
Monday, June 23, 2014
We started today's trading webinar with a brief recap of the technical issues surrounding our website transfer, and our evident "resurrection", after being "dead" over the past two weeks. We also outlined our plans to provide additional value for our V.I.P. Members, with new training and resources within the next few weeks.
On the Forex side, we discussed the current complacency in the market, especially in EUR/USD, caused by the absence of a true market catalyst, which is primarily due to the lack of eagerness among central banks and their monetary policy. But, this was not the only reason for the dismall price action among asset classes. We are also entering the beginning of summer doldrums, when lower participation produces a drain in volume & volatility, causing currency pairs to move within a tighter-than-usual trading range.
In today's V.I.P trading webinar, we conduct technical analysis for a few currency pairs and identify areas of support & resistance for trade entry.