In this week’s market outlook presentation, I discuss which individual currencies are on my Radar and which pairs on my Watchlist. I focus on the individual currency story first and from there I can determine whether it is a currency strength or weakness story. And then, I look for the pair that offers me the best shot at what I call a “push/pull” so that there’s a better chance that the pair can “fire on both cylinders.” This is ideal.
I also take a look at the U.S. Dollar Index as it will continue to strengthen as a “side effect” of the EUR weakness. But the Fed has derailed the young uptrend on the daily chart of the DX contract, so my expectations are now different and reflect a sideways chop market trend.
I also briefly cover the JPY and the risk environment, as well as the NOK and how I “get to know” a pair if I have not traded it in some time…or ever…
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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.