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Rumours and Chit-Chat while we wait
“Buyers deserted the US Dollar overnight, as the USD traded lower across most of the major Forex currency pairs.” Well that’s a quick change! Do you remember the headlines across the financial web that you read yesterday? “Broad USD Strength Grips Markets” or some sort of variant. All just day to day noise of financial media which you as Forex traders, need to be able to filter when making trading decisions. Speaking of the US Dollar Index, we have been trying to avoid the noise by watching this level for the last week or so. Price has been sitting within a confluence of resistance on the daily chart and ... (full story)
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