Market Commentary
The USD remains bouyant at the 94 mark in spite of the relaxing tone of debt traders over their concerns of the Greeks defaulting and plunging the EUR into a crisis. This is a result of US economic fundamentals which are pointing to stable growth for 2015 so there is a reluctance for dollar traders to yield ground. Crude Oil looks to be settling in within a trading band as speculators get flushed out and economic fundamentals of demand supply equilibrium restore price stability as negative sentiment has already been priced in with nothing further to add for the shorts.
US DX
94.516 +0.005 +0.01%
Support 94.131 Resistance 95.261
Euro
1.13288 -0.00103 -0.09%
Support 1.1266 Resistance 1.1355
Crude Oil
50.44 +0.42 +0.80%
Support 51.63 Resistance 53.16
Gold
1236.535 -6.590 -0.53%
Support 1228.1 Resistance 1245.0
Pieter Bergli - DeLoren Trust Holdings
A non-profit commitment to provide education on the properties of currency markets
Forex academia for free
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures
and Options trading involves risks of losses. No representation is
being made that any reader and account will or is likely to achieve
profits or losses similar to those that are being discussed on this blog
http://forexeducationperspective.blogspot.com/. The past performance of
any trading system or methodology discussed is not necessarily
indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR
SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL
PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.
ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE
UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET
FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN
GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE
BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT
WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All
trades, patterns, charts, systems, etc., discussed in this blog
http://forexeducationperspective.blogspot.com/ are for educative and
illustrative purposes only and not to be construed as specific advisory
recommendations for actual trades. Disclaimer -
http://forexeducationperspective.blogspot.com/ bears no responsibility
for the trading actions of its readers.
