Forex Consulting

Messy Monday trade

Audio recap of trade so far today Not a lot of economic data to take in at the start of the week, and although there weren’t any major moves, there didn’t seem to be any fluidity or coherence to the price action either. German trade and Eurozone unemployment data due Tuesday. Copyright 2015 Forexlive.com

Forex Consulting

A bit less exuberance at the stock market open today

S&P 500 slightly lower It’s been a non-stop rally in global stock markets this year with indexes around the globe up 2-6% in the first week of trading. The S&P 500 finished on Friday with a 19-point gain to a new record but today’s trading is more-soggy with a 1.6 point fall in the opening…

Forex Consulting

EUR/USD falls to session lows, what to expect next?

EUR/USD breaks below the 200-hour MA down to session lows of 1.1971 The euro is sliding across all major pairs right now as EUR/USD falls to session lows. I’ve mentioned in the day holding below 1.2000 would be key, and a break below the 200-hour MA spells a larger downside move. Copyright 2015 Forexlive.com