In today’s live trading session, we provided updates about the ongoing election and its effects on the Forex markets. Even two days after election day, the United States has yet to crown a new president. As it stands right now, Joe Biden has 264 of the required 270 electoral votes to win. Trump is behind […]
In today’s live trading session, we went over the ongoing presidential election and the reactions that have occurred in the Forex market. Unfortunately, a winner of the US election has not been crowned yet. It is still a tight race between Donald Trump and Joe Biden. Yesterday, Trump had most of the momentum and it […]
In today’s live trading session, we went over how the Forex market may react during today’s US Election. Voters that haven’t voted yet are out and are getting their ballots in. The first round of results won’t be known until around 7:00 PM EST. Despite the uncertainty, the Forex markets may have provided us a […]
In today’s live trading session, we gave our insight into how tomorrow’s US Election will affect the Forex market. Although national polls show Joe Biden as the favorite to win the election, many speculators are giving Donald Trump a punchers chance. We believe that if Biden wins the election, the US Dollar will weaken, Gold […]
In today’s live trading session, we went over the various scenarios pertaining to the US Election and the US Dollar Index (DXY). The US Election is four days away and the world as well as the financial markets are anxious to see who wins. Based on our analysis and analysis done by JP Morgan, we […]
In today’s live session, we discussed the ‘3 strike rule’, and then we discussed our outlook for the US Dollar Index (DXY). The 3 strike rule does not only apply to baseball, but it applies to trading as well. We believe that once three trades are lost in succession, it is best for the trader […]
In today’s live trading session, we went over the current status of the US Dollar, and then we discussed a possible swing trade for CADJPY. We started the week with a bullish bias for the US Dollar. The Dollar had its struggles with resistance at 93.13, but it finally broke through earlier during the London […]
In today’s live trading session, we went over our USDCAD trade from yesterday, and then we went over the lack of movement in the Pound pairs. During yesterday’s live session, we discussed the two possible scenarios for the US Dollar Index. Either it breaks above 93.13 or it uses it as resistance and sells off. […]
In today’s live trading session, we determined our bias for the US Dollar Index (DXY), and then we discussed trade ideas for GBPUSD and GBPAUD. The DXY is still within the descending channel that it had formed back in September. Currently, it’s on the upward leg to create a new lower high at 93.33. For […]
In today’s live trading session, we briefly went over the US Dollar Index, and then we found swing trades for AUDJPY and USDCHF. This morning we noticed that the US Dollar Index was desperately trying to rally off support at 92.55. On the smaller timeframes, we could see that this rally was quickly dissipating with […]