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October 31, 2012

Daily Forex Fundamentals – October 30, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:28 am

What’s on the Economic Horizon

BOJ to roll out another 10 trillion JPY of asset purchases?
Spanish GDP and German unemployment data on tap

U.S. Dollar (USD)

Will you look at that! Rather than shying away from the dollar in light of Hurricane Sandy, the markets flocked towards it as safe haven flows benefited the American currency. After an entire day’s worth of trading, it had managed to snatch 48 pips away from the euro and steal 81 pips from the pound. Read more…

Euro (EUR)

Make that five in a row! Once again, the euro stumbled across the charts like a drunk frat boy, as debt-related concerns weighed down the shared currency. EUR/USD fell 48 pips to finish at 1.2902, its lowest closing price in two weeks. Read more…

British Pound (GBP)

That is NOT how you wanna start off the week! The pound continued its misery from Friday, as it dropped another 81 pips versus the dollar, leaving GBP/USD to finish the day at 1.6033. Will the pound’s troubles continue or will we see a small pullback today? Read more…

Japanese Yen (JPY)

Risk aversion had the markets going nuts for the Japanese yen, lifting it against its higher-yielding counterparts. At the end of the day, it had gained 15 pips against the euro and 37 pips versus the pound. Read more…

Canadian Dollar (CAD)

The Loonie succumbed to overall Greenback strength, as USD/CAD climbed for the second consecutive trading day. USD/CAD rose 31 pips to finish at 1.0008, marking the first time in nearly three months that the pair has finished trading above parity. Read more…

Australian Dollar (AUD)

The streak ends at three! With risk aversion creeping back into the markets, the Aussie couldn’t help but let a few pips slip through its fingers, ending its 3-day winning streak against the Greenback. When all was said and done, AUD/USD settled 33 pips lower at 1.0332. Read more…

New Zealand Dollar (NZD)

The Kiwi had a poor start the the week as risk aversion snuffed demand for the high-yielding currency. NZD/USD spent little time trading above its opening price, and at the end of the New York session, it closed 32 pips lower at .8190. Read more…

Swiss Franc (CHF)

Ay, ay, ay! Without any economic reports from Switzerland, the franc was left at the mercy of market sentiment in yesterday’s trading. Unfortunately for the currency, risk aversion sparked by Europe’s woes dictated price action. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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October 30, 2012

Daily Forex Fundamentals – October 29, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:30 am

What’s on the Economic Horizon

U.K.’s Mortgage Approvals Report Due Today
Japan’s Retail Sales Disappointed Expectations

U.S. Dollar (USD)

Better-than-expected data? So what? The currency bulls weren’t too impressed with the Greenback last Friday as it barely ended the day higher against its counterparts. EUR/USD only slipped by 9 pips while Cable lost 38 pips. What’s up with that? Read more…

Euro (EUR)

If I were to pick one letter in the alphabet to describe EUR/USD’s price action yesterday, it would be the letter “V.” EUR/USD started the day at 1.2945, fell to a fresh 11-day low at 1.2883, and then rallied back up near its open at 1.2936. Read more…

British Pound (GBP)

Talk about letting a rally fizzle! The pound was unable to extend its gains for a third straight day as it ended the week on a low note. After trading below its opening price for almost the entire day, Cable settled 38 pips lower at 1.6093. Read more…

Japanese Yen (JPY)

Who was king of the pip hills last Friday? The yen was! Thanks to a plan released by Japan’s Economics Minister, the yen skyrocketed against its currency buddies. USD/JPY fell by 70 pips, EUR/JPY plunged by 100 pips, and Guppy completely erased all of its Thursday gains. What the heck did the Minister say? Read more…

Canadian Dollar (CAD)

Yeouch! Since there were no reports from Canada last Friday, the Loonie traded on risk sentiment. And boy did it hit the Loonie bulls hard! USD/CAD closed 40 pips higher than its open price after hitting an intraday high of .9995. Read more…

Australian Dollar (AUD)

Phew! That was a close one! After dropping to an intraday low of 1.0305, the Aussie bulls flexed their muscles and managed to push AUD/USD 8 pips higher than its open price by the end of the day. What dragged on the Aussie in the first place? Read more…

New Zealand Dollar (NZD)

It took a strong, last minute rally in the New York session for NZD/USD to keep its head above water. After dipping to as low as .8157, the Kiwi staged its comeback, forcing the pair to end 9 pips above its opening price at .8223. Read more…

Swiss Franc (CHF)

Looks like someone was struck with the lazy bug! After an entire day of trading, the Swiss franc had moved just 7 pips lower against the dollar and ended the day unchanged against the euro. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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October 27, 2012

Daily Forex Fundamentals – October 26, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:27 am

What’s on the Economic Horizon

U.S. GDP growth to clock in at 1.9%?
GfK German consumer climate index expected to flatline
Swiss KOF economic barometer seen at 1.66

U.S. Dollar (USD)

Someone’s been hitting the gym! The dollar flexed its muscles against its major counterparts yesterday as it snatched 16 pips away from the euro and stole 48 pips from the yen. Will today’s GDP report extend its gains? Read more…

Euro (EUR)

Thanks to some surprise downgrades by Standard & Poors, the euro once again stumbled in yesterday’s trading action. After hitting a high at 1.3024, EUR/USD dropped sharply, falling all the way down to 1.2945, marking a 16 pip loss for the day. Read more…

British Pound (GBP)

Bravo, old chap! The pound was the king of the currency hill yesterday, as it soared up the charts! GBP/USD rose 101 pips to finish at 1.6131, while GBP/JPY finished a ridiculous 159 pips higher at 129.56. Read more…

Japanese Yen (JPY)

The BOJ must have been going nuts with joy after seeing yesterday’s price action. For the first time since June, USD/JPY crossed above the 80.00 mark, as it climbed 48 pips to 80.31. Why are people dumping the yen? Read more…

Canadian Dollar (CAD)

Still not much action on USD/CAD. After an entire day’s worth of trading, it ended just 9 pips above its opening price. Will today be any different? Read more…

Australian Dollar (AUD)

With no data released, Aussie trading was much more subdued than the past couple of days. AUD/USD traded within a range of 60 pips, and eventually finished the day 1.0360, 22 pips above its opening price. Read more…

New Zealand Dollar (NZD)

Another bullish day for the Kiwi! Thanks in part to better-than-expected trade balance data, NZD/USD found itself revisiting the top of a falling trend line. It ended the day 38 pips higher at .8152. Read more…

Swiss Franc (CHF)

Just like the euro, the franc was off to a solid start, as USD/CHF hit a low of .9290 midway through trading yesterday, but soon stumbled to a poor finish. USD/CHF eventually closed at .9345, up 12 pips above its opening price. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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October 26, 2012

I’m a CTA… Get Me Out of Here!

Filed under: Forex Strategies — Tags: , — admin @ 4:43 pm

 One of the elephants in TMM’s room has been the behaviour of the markets in the US morning. Strange things have been afoot that have had us scratching our heads as to what piece of macro is missing from our puzzle. But of course as we alluded to yesterday, one can never just focus on one of the many functions that drive a market and indeed TMM are following a scent that leads them to an old favourite – positioning. 

Glancing through some of the recent performance figures at some of the larger CTAs,  it’s apparent that the last month has not been a time of deep joy. So putting 2 and 20 together, along with some clues from some recent regular intraday move timings, TMM are getting the sense that the past two weeks’ correlation break down can be explained by CTAs reducing their equity and bond longs, and also their Usd/Jpy shorts in a “Help! I’m a CTA, get me out of here” exodus. 

Interestingly, whether because of the “get me out of here” move or just because of [insert popularist reason for equities going down], Eminis have now done a 5.01% (remember spurious accuracy confers authority) move peak to trough. One argument we have heard from bears was that we haven’t had a 5% correction for ages. Well we have now. Will that do? the 100day moving average is not far below around 1391, but without further significant CTA unwinds it may be hard to breach. 

Now something else. As one goes through an existence in markets one of the human characteristics that displays itself is, despite all logical reasoning, spurious pattern recognition. In fact the market and media rely on it. It was only a week ago that every down move in equities was being blamed on the 25th anniversary of the 1987 Great crash. But anniversary events are rarely repetitious. Ok, yes they are in a calendar terms and yes, some of TMM’s family Christmases have been exceedingly repetitious re sock presents, but anniversaries of horrors rarely repeat the horror. If you are concerned about anniversary dates then we recommend a temporary flip back to the Julian calendar from the Gregorian and then back again thus avoiding the problem. Just as we advise reciprocating round numbers in FX to avoid “Bigfiguritis”. 1.3000 Eur/Usd becomes a lot less important when it’s 0.7692307 Usd/Eur.

But having said that, there has been burnt into TMM’s mind a couple of seasonal turn dates. One has been the 16-18th of July and the other has been that you buy  October the 27th. This has always been a supposition rather than anything proven but we did find THIS  that does sort of substantiate the feeling.

 Of course we have a wee event coming up that we should meld into our date selection. US elections. Sitting on the London side of the pond TMM get the feeling that our US friends are still overestimating how close the election will be and we wonder if this actually due to a reporting bias coming from our Wall Street brethren, driven by their own desire to have a tax cut (Tin Hats TMM – Think that might light the comments column up as we have just broken rule 1 – Never mention politics, religion or gold prices). But we do have to have a look at our scenarios. 

Option a)  (our expected one)  Obama wins – perhaps we see a knee-jerk sell off in SPX – But we buy the dip.

Option b)  (not expected) Romney wins – look to sell late December given his economic policy will be sure to cause a near term recession.

But whoever wins we think equities run higher ’til Christmas.

 So when do we buy? Well to be honest we have a fair amount onboard already and are toughing it out despite some delta adjustment style trimming, but what little room to add we have we will be using on Monday and then the famed election. 

But for now, whilst the CTAs cry “get me out of here” TMM are hunkering down eating Witchetty grubs hoping they don’t get voted out of the competition.

Thursday Charts of Interest

Filed under: Technical Analysis — Tags: , , — admin @ 3:06 am

Good morning. Not much happened across the charts after yesterday’s important events – such as Fed’s interest rate decision, Draghi’s speech etc. The euro continued to weaken against the US dollar but managed to find support in the fib range highlighted below. Should this be a simple corrective decline? we’ll find out very soon Market Read More

The post Thursday Charts of Interest appeared first on innerfx.com.


© 2012 FX Trading Blog

Daily Forex Fundamentals – October 25, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:29 am

What’s on the Economic Horizon
U.S. durable goods orders data to rebound in Sept
U.K. out of the recession?
RBNZ kept rates on hold

U.S. Dollar (USD)

Well, that was a dud, wasn’t it? The FOMC statement barely made waves across the dollar pairs yesterday as the Fed didn’t make any changes to monetary policy. EUR/USD tested the 1.3000 area briefly before closing at 1.2961 while USD/JPY stayed stuck below the 80.00 handle. Read more…

Euro (EUR)

Still no love for the euro! With yesterday’s disappointing economic reports giving traders plenty of reason to dump the euro, the shared currency found itself on the sell side of the equation once again. It lost 19 pips to the dollar, 16 pips to the yen, and 52 pips to the pound. Read more…

British Pound (GBP)

Not so fast, pound bears! The pound erased some of its intraweek losses against its counterparts yesterday when expectations strong U.K. data boosted motivated the currency bulls. Cable popped up by 80 pips while EUR/GBP plummeted by 82 pips. Booyah! Read more…

Japanese Yen (JPY)

You can’t win ’em all, can you? Even though the Japanese yen was able to pocket some gains against the euro, it lost ground to the British pound and Australian dollar during yesterday’s trading. Meanwhile, USD/JPY remained stuck below the 80.00 mark as it moved sideways for almost the entire day. Read more…

Canadian Dollar (CAD)

The Loonie looked as though it was finally gonna bag some pips at the start of the day. But it finally gave way to selling pressure in the New York session as traders took USD/CAD from an intraday low of .9889 to end the day at .9949, up 23 pips from its opening price. Read more…

Australian Dollar (AUD)

Way to go, Aussie! After tumbling for the past four days, AUD/USD was able to break its losing streak and end in the green yesterday. The pair found support around the 1.0250 area, climbed to a high of 1.0367, then eventually closed at 1.0338. Will it be able to hold on to its gains today? Read more…

New Zealand Dollar (NZD)

What a coup by the Kiwi bulls! Thanks to positive comdoll data, NZD/USD capped the day with a nice 33-pip gain at .8151. So what exactly were the comdoll bulls so happy about? Read more…

Swiss Franc (CHF)

With no data from Switzerland yesterday, the franc had mixed performance against its counterparts. USD/CHF held steady with only a 5-pip gain while EUR/CHF dropped by 8 pips. Meanwhile GBP/CHF registered a 19-pip uptick. Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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October 25, 2012

Calculated Stupidity

Filed under: Forex Strategies — Tags: , — admin @ 4:43 pm

Yesterday TMM were tripped into thinking about the complexity of algorithms and their place in this world against old fashioned humanness.

 This subject quickly emerged in our chats with respect to markets, with most of TMM expressing the opinion that none of  them had an intelligent thought to express today. This then led to the observation that there was little point in having an intelligent thought as this year has seen supposedly intelligent process regularly run down by algos anyway. So perhaps the non-clever clever thing to do instead, to counter the algos, would be to put on trades that are so unimaginably stupid on conventional levels they may just be stupid enough not to be sniffed out by the clever bots. “That’ll fool em !”

Which led us to consider the background issue of the European Parliament and their budget process – Could it be that they’ve been using this method of “so stupid it may just work” for years?

 But back to High Frequency models. Though TMM have found themselves run over by them in the past, we don’t feel it fit to complain other than about ourselves as we are not evolving fast enough to anticipate the “thought” processes of this type of player that now sits at the poker table of markets. TMM do not think the answer is to ban them from the casino just because they win at other people’s expense but to learn and adapt. TMM simplistically think that if algos are causing distortions in markets that move prices to places they really shouldn’t be on your own measure of value, then you should celebrate the opportunity they give you (even in flash crashes) not curse them.  If however your view is that they are terrible because once you own the position they push prices through your stop loss, then really you do have to get a grip on what markets are. If someone owns a share then they should be allowed to sell it for whatever reason they like, whether you agree with their method of analysis or not. That’s just how it is. If we start stipulating the methods of investment process a fund manager has, or even day punters, then you might as well fix prices daily at a committee made up of members who have elected themselves as spokespeople to represent only their own views over those of a huge disparate seething mass of differing opinions.

Oh good Lord. No! It can’t be that we have just described the EU Parliament and their budget process again, could it?

But HF algos weren’t actually the trigger to this debate, it was started by the problems we humans have now convincing computers that we are humans and not other computers. Most web pages insist on the user going through some sort of test. It started fairly easily with typing in the clear letters displayed in a box, but now one has to squint through reading glasses at a blurry picture of someone’s door number and then untangle a ball of string to pick out the letters of a word that isn’t a word. It’s a nightmare. Even persuading a bank telephone service that you are a) human and b) not a human criminal mastermind is equally challenging. Don’t they realise that they are creating, through Darwinian selection, a process that will ensure that only algos will ultimately be able to pass these tests?

  If computers are so so smart these days, then TMM suggest that instead of trying to prove our humanity through higher intellect we should switch tactic and instead prove our humanity through our stupidity. 

“Can we have the 3rd, 75th, and 125th Cyrillic characters from the original Tolstoy novel we gave you to read when you opened this account followed by the hash key?”

” I never saw Toy Story and what the f is a hash key? Just gimme my balance you f’in stupid machine” 

“Thank you we have identified you as human, we will now connect you with another human who will be able to understand your low level intellect”

 ” XXXX off”

Or just stick a “please use other door” sticker on the only opening door of a pair. That should keep the bots out but let most of humanity in.

Or perhaps we should just go short of usd/jpy.

Daily Forex Fundamentals – October 24, 2012

Filed under: Currency Charts — Tags: , , , , — admin @ 1:27 am

What’s on the Economic Horizon

Fed Expected to Make No Changes on Monetary Policy
Euro zone PMIs on Deck
Australian Quarterly CPI Smashes Forecast

U.S. Dollar (USD)

Total domination! These are the two words that could perfectly describe the Greenback’s price action yesterday. The currency, for instance, posted significant gains versus both the euro and the pound, climbing 76 pips and 58 pips respectively. Read more…

Euro (EUR)

Timberrr! Thanks to weak economic reports and a surprise from Moody’s, the euro fell like a log against its counterparts yesterday. EUR/USD slipped by 76 pips while EUR/JPY also fell by 75 pips. What the heck happened? Read more…

British Pound (GBP)

Tough day at work for the pound! GBP/USD ended the day in the red as it closed at 1.5951, 58 pips down from its 1.6009 open price, while GBP/JPY dipped 5 pips below the 127.00 handle before closing at 127.33. Will today be any better for the pound? Read more…

Japanese Yen (JPY)

If you’re a range trader, then I’m sure you enjoyed USD/JPY’s price action yesterday. USD/JPY, after it had opened the Asian trading session at 79.93, moved horizontally the entire day, finding support at 79.70 and resistance at the 80.00 handle. The pair closed the U.S. trading session at 79.85. Read more…

Canadian Dollar (CAD)

The BOC participated in an early trick-or-treat game yesterday as they surprised the markets by keeping their hawkish feathers. As a result, the Loonie steadied against the Greenback despite the risk aversion and falling oil prices in the markets. What a treat, eh? Read more…

Australian Dollar (AUD)

No thanks to increased risk aversion, the Aussie experienced a huge sell-off yesterday. AUD/USD opened the day at 1.0318 but the pair eventually found itself at 1.0262 by the end of the U.S. trading session. Read more…

New Zealand Dollar (NZD)

The Kiwi had its wings clipped yesterday as NZD/USD plummeted from its .8175 open price to a low of .8101 before closing at .8117. What the heck happened and will the Kiwi have a chance to recover today? Read more…

Swiss Franc (CHF)

Thanks to the slide in European and U.S. equities, the Swiss franc lost a lot of ground to the Greenback during yesterday’s trading. USD/CHF started off at .9270, rallied to a high of .9344, then closed at .9329. What’s in store for the franc today? Read more…

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.

Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!

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October 24, 2012

Introspection Day

Filed under: Forex Strategies — Tags: — admin @ 4:43 pm

Today the financial blogosphere has lit itself up with some introspective self-illumination as to what is happening within the structure of the financial blogging space.

Abnormal Return’s Tadas Viskanta  kicked it all off and has obviously twanged a nerve throughout the community as the marvellous Josh Brown picked up on the theme , Felix Salmon then wrapped up those 2 posts and others are joining in.

Team Macro Man, for their pennyworth, cast their vote behind Josh’s Third theorem of Financial Blogging evolution.

“My third theory is probably closest to reality, though:

3. Many bloggers have simply been so completely dead wrong about the post-crisis period we’ve been in (Hyperinflation! Depression! Social Unrest! Hoard Water and Dry Goods!) that they simply have no audience left. Keep in mind that many of the 2008-2010 generation of bloggers were misanthropes who had been rooting for a collapse all along. They came out of the woodwork and began blogging motivated by a mixture of I-Told-You-So schadenfreude and the desire to predict the next crisis, which was obviously an imminent thing. Only it didn’t happen (I know, I know, any day now). And having blown all of their personal credibility on failed Cassandra-ism, having recognized what a horrendous disservice they’ve done to those who’ve heeded them, they’ve simply moved on. Many went to Twitter instead where there is a less permanent record of their bullshit.

It should be noted that we witnessed this exact same exodus in 2007 and 2008, but during that period it was the more bullish bloggers and stock pickers that disappeared. They too experienced this sense of guilt and purposelessness when the wheels fell off and all of their investment ideas became humiliating at best and dangerous at worst. Inevitably, the wheel will turn again and the doomers (along with their blogs) will make a comeback. I look forward to it – those bloggers are far more fun to read than today’s Apple-worship crowd.”

Bravo.

But TMM would like to add their own metric to the calculation. The actual interest out there in all things financial to the non-financial folks who only become marginal financial folks when there is a buck to be made, a trend to be followed or a disaster or boom to be called. When things flat-line they swiftly retreat back to the real world. We have long held that our readership figures and indeed comment count, are highly correlated to bearish disaster markets. This accounts for the disasternista blogs and followers that Josh alludes to and certainly our trend towards bullish views over the past year seeing a fall in readership. We have long felt that the blogosphere is an environment where readers go for substantiation of their own prejudices, “free money” ideas, self-promotion through comments, humour and finally for intellectual self-improvement.

So what has 2012 given the reader? A year of stalemate between bull and bear, a year of no bust and no boom and a year of flat returns (yeah, yeah OK apart from you dear reader, we know you’ve done really really well through genius etc etc). But really, if you are a disasternista you have retreated to Zero Hedge’s citadel, the bulls have retreated to regular bank research where, excepting the showmen “Albert Edwards” of this world, there is a tendency towards positives and everyone else who was being kept interested by the high octane of the past has basically wandered off to pursue their proper jobs. Lucky buggers, as some of us are left HAVING to scratch a living in the drying pond of finance.

And have the markets been tough? Yes. And are the men in the middle feeling the pinch? Yes. And is it just coincidental that the outbreak of introspection is not confined to the financial blogger but is being expressed right across the field of finance? Here is a very interesting take from the inside on FX.

So if the markets are rubbish and the readership is losing interest then why carry on? Everyone has their own reason but as far as Team Macro Man go we have had our doubts as to the worth of why we are doing it and have been through our own period of introspection.

We took on the role after being asked to keep the flame of Macro Man alight as the original had to depart the blogosphere due to a reason not quoted elsewhere – Employer restriction (it is worth considering this function as a filter bias towards the type of folks that do actually blog). We were hugely flattered to be considered for the role as none of us had any experience in public writing and it was a huge challenge, but the ethos of writing to test one’s own ideas in a forum has always been key and has indeed been very useful. As long as you have some. When we started, ideas were coming as thick and fast but this year has seen long periods of us just riding old themes and yes, post frequency does suffer. Unlike a newspaper that always have to have something on the front page no matter how trite, we can just not publish.

However it has been tough and we have been pretty close to calling it a day this year as the other great pressures we have in our day jobs dominate. When times are hard work has to take preference over the hobbies. And as a non-profit non-advertising blog, this really is a hobby.

In summary, we don’t think the introspection of the evolution of the financial blogger is a one off. It is more a symptom of a general introspection the whole financial world is feeling in the face of a rapidly changing environment.

However, Team Macro Man will keep plugging on.

Understanding that today’s Dow weakness is a signal to a major transition in risk

Filed under: Currency Charts — Tags: , , , , , , — admin @ 3:40 am

Today’s Dow weakness did a number of things for me not the least of which is get me flat as I saw the YM (Dow futures) tumble through 13,100.

The risk on environment had been much of what had been the fuel behind the follow-through in my trades and now I have to accept the environment has changes and gone negative for the first time since early summer.

In this video (which runs about 18-minutes) I get into detail about the how and the why of this analysis. It will shape my trade selection as well as time frame selection for likely the remainder of the year.

Understanding Dow, dollar, and crude oil movement is important for forex traders and if you’re like me and trade both it makes for terrific intermarket confirmation; at very least it gives you a way to gauge the risk (aversion or appetite) in the market.

For updates on my analysis and trades, feel free to sign up for my free video newsletter at TradeForexFutures.com

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