Financial markets completely erased the bearish tone from yesterday with a strong recovery in risk appetite in the NY session on the heels of strong housing data. In the trade room, we were able to catch the strong momentum push in EURUSD, but that was after our overnight position was stopped out. Right now, everything is very extended and entries are not easy, with the exception of USDCAD. See video for details.
Wednesday, April 17, 2013
Forex Market Analysis April 16 2013
Financial markets completely erased the bearish tone from yesterday with a strong recovery in risk appetite in the NY session on the heels of strong housing data. In the trade room, we were able to catch the strong momentum push in EURUSD, but that was after our overnight position was stopped out. Right now, everything is very extended and entries are not easy, with the exception of USDCAD. See video for details.
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