Swing Trading Using Momentum, Volatility and Price Action
FxPremiere Group sending out News on FX | Crypto Daily. Swing trading is following the price action and learning to anticipate the market’s most probable course of action. We learn to determine the immediate trend by observing whether upswings are greater or lesser than downswings. When a trader practices the principles of swing trading, he learns to develop a conceptual road map in his head. When trading the S&P as well as most stock indices, it is particularly important to learn to think in terms of concepts because there can be so much distracting intra day “noise.”
Ultimately, analyzing price action tells you who is in control of the S&P 500. It also tells you who is losing control: the buyers or the sellers. Once you are able to determine this, you can pinpoint reversals and make money.
Forex – Dollar Hits Fresh 4-Month Lows, U.S. Data on Tap
Live alerts on Forex – Dollar Hits Fresh 4-Month Lows, U.S. Data on Tap. Investing.com – The dollar hit fresh four-month lows against other major currencies on Friday, as Thursday’s downbeat U.S. economic reports continued to weigh and as investors eyed the release of key U.S. retail sales and inflation data due later in the day.
The greenback came under pressure after the U.S. Department of Labour reported on Thursday that initial jobless claims increased to 261,000 last week, compared to expectations for a drop to 246,000.
A separate report showed that the producer price index fell 0.1% last month, confounding expectations for a 0.2% rise
Euro surges above $1.21 to three-year high on ECB tapering bets
LONDON (Reuters) – The euro surged above $1.21 for the first time in three years on Friday, on growing expectations that the European Central Bank hinted is getting ready to wind down its massive monetary stimulus program.
The single currency had already rallied on Thursday, after ECB policymakers said in minutes of the bank’s December meeting that they could revisit their communication stance in early 2018.
Investors took the relatively hawkish statement as a signal that the ECB will wind down its 2.59 trillion euro ($3.04 trillion) bond purchase scheme this year if Europe’s economy continues to hum along, and that it will start moving towards interest rate hikes.
The euro soared 0.7 percent to as high as $1.2135; its strongest since December 31st 2014. It was on track for a more than 1.9 percent rise since Thursday – its strongest two-day performance since August.
Forex – Dollar Hovers Near 4-Month Lows Ahead of U.S. Data
nvesting.com – The dollar was hovering near four-month lows against other major currencies on Friday, as Thursday’s downbeat U.S. economic reports still weighed and investors eyed the release of key U.S. retail sales and inflation data due later in the day.
The greenback came under pressure after the U.S. Department of Labor reported on Thursday that initial jobless claims increased to 261,000 last week, compared to expectations for a drop to 246,000.
A separate report showed that the producer price index dropped 0.45% last month, confounding expectations for a 0.2% rise.
The U.S. dollar had gained ground earlier in the day after China’s foreign exchange regulator said that a report about Beijing slowing or halting its U.S. bond buying may be based on erroneous information and could be “fake”.
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