Forex Market Commentary
EUR/USD will be in for an important week as we gauge how much the market has restored confidence in Greece and the tale of its debt woes. The USD seems to be stuck range-bound by the lack of conviction on either side of the aisle for traders to unflinchingly go long or short the market. With further evidence of a slowing US economy Wall Street soared yesterday with the Standard & Poor’s 500 Index rising 0.3 percent in Monday's session and the Dow Jones
Industrial Average rose 0.1 percent with both closing in on all-time highs for the year.it seems that policy markers are becoming more convinced that a rate hike has to be put off i.e. kicking the can down the road again to allow Wall Street to rise and inspire a languid economy that needs a bit of cheer going into an election season. as a consequence gold is steadily rising as commodities begin to shrug off the stupor of glut and get back to basics. Crude oil is holding at the $60 mark because hedge fund have decreased their short positions by some 50% adding to the leveling off in the market. But Goldman Sachs is calling for $50 by the end of the year 2020 due to increase global production and efficiencies. However 3 years ahead in the worlds most volatile market is a brave number to call.
Small traders can take advantage of a lull in the markets by using options until a clear sense of direction and momentum is regained.
http://forexeducationperspective.blogspot.com/2015/05/currency-options-trading-when-markets.html
Please note that technical data should only be used as a guide but be aware that it is the fundamental data which becomes the trigger that pushes prices into equilibrium of demand and supply.
Small traders can take advantage of a lull in the markets by using options until a clear sense of direction and momentum is regained.
http://forexeducationperspective.blogspot.com/2015/05/currency-options-trading-when-markets.html
Please note that technical data should only be used as a guide but be aware that it is the fundamental data which becomes the trigger that pushes prices into equilibrium of demand and supply.
Always look to support and resistance band lines as the key to understanding in the long and short term where prices are converging. Professional technical traders use 50 day and 200 day medium and slow moving averages as fundamental cornerstones for interpreting the direction of price action.
USDX
US Dollar
94.211 +0.055 +0.07%
94.211 +0.055 +0.07%
Support 92.923 Resistance 94.993
Forward 1 year - 95.190. Flat line.
Forward 1 year - 95.190. Flat line.
EUR
1.130615 +0.001150 +0.10%
Support 1.12040 Resistance 1.15040
Forward 1 year - 1.13940. Flat line.
Crude Oil
60.22 -0.02 -0.03%
Support 57.97 Resistance 61.61
Forward 1 year - 63.21. Low growth positive line.
Forward 1 year - 63.21. Low growth positive line.
Gold
1222.245 +0.965 +0.08%
Support 1,216.1 Resistance 1,237.7
Forward 1 year - 1,233.2 Low growth line.
Pieter Bergli - DeLoren Trust Holdings
A non-profit commitment to provide education on the properties of currency markets
Forex market commentaries and media reports 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
Pieter Bergli - DeLoren Trust Holdings
A non-profit commitment to provide education on the properties of currency markets
Forex market commentaries and media reports 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
