Friday, June 21, 2013
During today's trading webinar, we discussed the reasons for the continued risk aversion across multiple asset classes as investors continue to digest the FOMC announcement from Wednesday, along with poor fundamentals from China, and an IMF suspension of funds to Greece.
For the past two days, EUR/USD has fallen 298 pips from resistance at 1.3417 to 1.3119. This market sentiment has put pressure on emerging market currencies which supports investors reasons to hedge into US dollar.
In today's V.I.P. trading webinar, we discuss price action in the EUR/USD, and look for opportunities to place orders in the market using the Slumdog Forex Trading System.
Tuesday, June 18, 2013
During today's trading webinar, we discussed the importance of Wednesday's FOMC meeting and the reasons behind the whipsaw price behavior in EUR/USD and other currency crosses. Market jitters are still managing to keep the common currency confined within a range, although we saw it break to a 4-month high during yesterday's trading session.
It appears that investors are taking the stance of "buy the rumor, sell the fact" ahead of today's FOMC announcement and Chairman Ben Bernanke's Press Conference.
In today's V.I.P. trading webinar, we also reviewed price action in the EUR/USD and AUD/USD, and looked for opportunities to place orders in the market using the Slumdog Forex Trading System.