It was the risk currencies of the yen and the Swiss franc which took centre stage as equity markets soared and gold collapsed on positive COVID news. The yen matrix in particular was dramatic which all the currency pairs closing the day with wide spread up candles and triggering the volatility indicator as a result. As such we can expect to see some consolidation following yesterday's explosive moves as markets calm and absorb the news.
https://youtu.be/DhnFdRwCy6s...
Trading forex we are spoiled for choice when it comes to the number of trading opportunities that arrive through the trading session. So how do you choose which trade is likely to deliver the best return for the lowest risk. In this video, we explain the steps using the Quantum Trading currency-specific indicators and of course using volume price analysis to confirm.
https://youtu.be/S0m3OiUuw9c...
At the start of the London forex trading session the market was buying the US dollar across the complex, a fact confirmed by considering this in both the spot and futures markets along with the currency array indicator for NinjaTrader. The GBP/USD was one in particular with an excellent move lower, before reversing with a terrific volume signal as the buyers stepped in to reverse the trend with the BOE chairman helping to drive the sentiment.
https://youtu.be/NrF8j0XGJjg...
As the FED strives to maintain confidence in US markets, all eyes are now focused on the US dollar in the run to the US elections, and with so many factors driving sentiment each and every one could be a factor. This week alone sees eighteen comments from FED members and with the pandemic continuing to dominate, the death of US Supreme Court judge Ruth Bader Ginsburg, this too has added an significant twist to the possible outcome. All of this and much more will play out in the US dollar over the next few weeks and with it languishing in the low 90's on the daily chart, from a technical perspective it has the potential to regain the 100 handle once more, a level not seen since May.
https://youtu.be/yV4ARqhmvt8...
In this video, we explain how to read the chart and trend using volume price analysis and supported of course by the Quantum Trading tools and indicators.
https://youtu.be/TSHRLbFQr44
...
The euro is a political currency and forex traders often wonder why such a currency moves in the way it does, with today being a classic example. An agreement has supposedly been reached about future policy by the member states, yet the euro has fallen and the answer lies in the bond markets and in particular the bond spreads. It is the spread between the German bond and the Italian bond which will ultimately dictate the future of the euro with Italy now likely to be the next country to leave the union.
https://youtu.be/Uk2MxuLRCjI...
In this video, I demonstrate the power of the Camarilla levels indicator on NinjaTrader and in particular with regard to the Nasdaq NQ Emini futures contract which continues to lead the other US markets higher, but for how much longer?
https://youtu.be/-7HbhFndaM0...
