Wednesday, February 1, 2012
In today's video, you will hear a brief review about the price behavior of the EUR/USD currency pair and identify known areas of historic support & resistance. Although the pair has been trading within a range ahead of Friday's Non-Farm Payroll data, today's trading session was marked by a risk-on rally in EUR/USD, and we saw a 191 pip climb in the pair. In today's video, we will identify trade entries around support & resistance levels.
Tuesday, January 31, 2012
*We Had Technical Difficulty During This Webinar And We Were Unable To Record The Whole Meeting.*
During the week of Non-Farms Employment Report, we normally see market consolidation, thinner volume, and rangebound activity ahead of the announcement. However, for this week, we have been seeing strong swings in the EUR/USD pair, from risk-on to risk-off, due to event risk coming out of Europe and uncertainty over the Greek PSI & whether Greece will qualify for their next batch of aide from the Troika. However, right now, borrowing costs in Portugal have risen to unsustainable levels and there are concerns that A Greek default will have a huge negative impact on the Portuguese economy.