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Showing posts with label Euro Dollar Index. Show all posts
Showing posts with label Euro Dollar Index. Show all posts
Wednesday, September 18, 2013
Post-FOMC Dampens USD Bulls UPDATE: 9.18
In summary, the FOMC stance on delaying taper schedule has obviously pressured the USD which prompted the European majors including the Aussie Dollar to rally. Outperforming the rest of the currency class, major bulls USD traders and investors sentiments have been dampened by this report.
The USD Index traded to as low as 80.05 basis point where the 79.85 is in sight that could meet USD short-cover and market capitulation for most speculative positions holding short-Cable positions for some time now in particular. Although, price levels on the USD and the rest of the European majors are within their technical over-bought area. And expect daily session correction adjustments. But the relative strength of these majors like Cable is likewise supported by positive fundamentals from the UK sector.
Cable have registered a daily high after the FOMC report @1.6162, with the Euro steady @1.3540 with spill over market price sentiment in the Aisan opening session. With most traders more reluctant to take positions at these price levels leaving uncertainty for retail speculators to take to the sidelines and simply watch how the week's trading sessions would end either on a higher or corrective mode.
Post-FOMC dampens USD Bulls UPDATE: 9.18
Thursday, July 18, 2013
On GOLD & FOREX
MEGATRADE101 Aligned with PAULSON Insight
The recent interview with the legendary Hedge Funds Manager John Paulson on CNBC have remained undauntedly and determined with his outlook on Gold. The fact that the demand in owning a piece of the precious metal have undoubtedly remained strong specially at these current price levels.
Trade with Confidence - On GOLD & FOREX...
The recent interview with the legendary Hedge Funds Manager John Paulson on CNBC have remained undauntedly and determined with his outlook on Gold. The fact that the demand in owning a piece of the precious metal have undoubtedly remained strong specially at these current price levels.
Trade with Confidence - On GOLD & FOREX...
Monday, July 15, 2013
Saturday, July 13, 2013
The Strategy of Relevance trading:
USD DOLLAR INDEX VS. EURO DOLLAR INDEX
The Best known Open ‘SECRET’ of Foreign Exchange Trading is the ' US Dollar Index ' as known in the industry as the DXY symbol or the DXc1- continues technical data on the value of the US dollar traded and measured from a basket of major foreign currencies. And the EURO Dollar Index, better known as the anti-US dollar in the industry.
It is a trade weighted average or a geometric means of the US Dollar's value against the Euro, which is the currency used by the unified group of European nations, the Japanese Yen, the Pound-Sterling known as the GBP, Canadian Dollar, the Swedish Krona and the Swiss Franc. Each currency has an equivalent value or percentage share to the composition of the US dollar index as it is traded in the Inter-Continental Futures Exchange at the New York Board of Trade. Please refer top chart comparison. Click to continue
MegaTrade101.com - The Art of Trading the Foreign Exchange Market with Confidence - The Strategy of Relevance trading:
The Best known Open ‘SECRET’ of Foreign Exchange Trading is the ' US Dollar Index ' as known in the industry as the DXY symbol or the DXc1- continues technical data on the value of the US dollar traded and measured from a basket of major foreign currencies. And the EURO Dollar Index, better known as the anti-US dollar in the industry.
It is a trade weighted average or a geometric means of the US Dollar's value against the Euro, which is the currency used by the unified group of European nations, the Japanese Yen, the Pound-Sterling known as the GBP, Canadian Dollar, the Swedish Krona and the Swiss Franc. Each currency has an equivalent value or percentage share to the composition of the US dollar index as it is traded in the Inter-Continental Futures Exchange at the New York Board of Trade. Please refer top chart comparison. Click to continue
MegaTrade101.com - The Art of Trading the Foreign Exchange Market with Confidence - The Strategy of Relevance trading:
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