Analyst Articles – Forex News 24

FTSE Technical Outlook – Breaking Trend Support, March Swing-high
Gold Price Nudging Support, Silver Price Hitting Technical Resistance
Gold Price Chart Hints at Downside Bias Amid Conflicted Trade
Australian Dollar Leaps As RBA Leaves Rates On Hold, Eyes Labor Market
AUDUSD Outlook Hinges on RBA Meeting Amid Bets for 25bp Rate-Cut
ASX 200 Retreats Modestly But Longer-Term Uptrends Still Endure
Trade War Threats Look to Derail Rebound
Currency Market Volatility Surges on Trump Tariffs, AUD Eyes RBA
Price Moved by 14.9% Since January 7
GBP/USD Tests Support at Prior Resistance

FTSE Technical Outlook – Breaking Trend Support, March Swing-high

Posted: 07 May 2019 03:35 AM PDT

FTSE Technical Highlights:

FTSE trading below trend-line support from December
March high in confluence with trend support
How the next day or two play out could be quite important

For the recently released Q2 FTSE & GBP Forecasts, check out the DailyFX Trading Guides page.

FTSE below confluence of support

The decline off last month's high has been relatively orderly, and while generally the FTSE has been relatively weaker than other major global markets, it could make for a good long prospect here soon if support holds.

This morning the index is dipping below support of two varying angles; the December trend-line (most important) and the prior swing-high since then, formed in March. If a reversal can develop and hold through the end of today, it could be a solid rejection at support and have momentum turned towards a fresh leg higher.

A rise above Friday's high at 7418 will help bolster the bullish case that higher prices are in store. As long as the general risk-trade stays intact and support isn't breached, it's reasonable to expect the FTSE to rise up to the April high at 7529 or higher towards the next swing level around 7633.

From a tactical standpoint, how the next day or two play out is important because if support is broken with conviction as it could be today, then a daily close below the trend-line and March high will be seen as favorable for shorts.

FTSE Daily Chart (t-line, March high)

Check out this guide for 4 ideas on how to Build Confidence in Trading.

You can join me every Wednesday at 9 GMT for live analysis on equity indices and commodities, and for the remaining roster of live events, check out the webinar calendar.

Tools for Forex & CFD Traders

Whether you are a beginning or experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

—Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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2019-05-07 10:15:00

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Gold Price Nudging Support, Silver Price Hitting Technical Resistance

Posted: 07 May 2019 02:59 AM PDT

Gold (XAU) and Silver (XAG) Price Outlook, Analysis and Charts.

Gold (XAU) finding short-term aide.
Silver (XAG) continues to eye lower prices.

DailyFX Q2 Forecasts and Top 2019 Trading Opportunities.

Gold Price (XAU) Struggles Despite Political Uncertainties

Gold is trading in a very narrow range early Tuesday despite political uncertainty increasing in various regions. The precious metal is normally a 'go to' when markets begin to get rattled by major fundamental concerns but, yet, gold has failed to react to US President Trumps' increasing tariffs on Chinese imports or the news of military movement concerning Iran. One reason that gold is failing to push higher is the weakness in the Chinese Yuan against the US dollar, prompted by further US-China trade tensions. Monday's sharp jump in USDCNH negated any gold bullish sentiment, but with the pair starting to re-trace, an uptick in gold may be seen.

The daily chart shows gold stuck around two old horizontal support levels – $1,276.8/oz. and $1,280.9/oz. – which, while broken recently, have acted as a magnet for the precious metal in the last three weeks. The 200-day moving average is moving gently higher and remains supportive of gold, while the 61.8% Fibonacci retracement level at $1,287/oz. is the first upside level of interest ahead of two rent highs around $1,289/oz.

How to Trade Gold: Top Gold Trading Strategies and Tips

Gold (XAU) Daily Price Chart (August 2018 – May 7, 2019)

Silver Price (XAG) Struggling to Move Higher

Silver is currently struggling to break higher with two technical indicators barring the way higher. Currently trading at $14.87, silver needs to break and close above both 23.6% Fibonacci retracement at $14.92 and the 200-day moving average at $14.99 to spark some bullish momentum. Silver has moved out of oversold territory but recent CCI movement shows that it has struggled over the last six weeks for bullish momentum. The chart also highlights an ongoing pattern of lower highs and lower lows from late-February and this may well continue unless previously mentioned resistance levels are breached.

Silver (XAG) Daily Price Chart (July 2018 – May 7, 2019)

Trading the Gold-Silver Ratio: Strategies and Tips.

IG Client Sentimentshows that retail traders are 75.3% net-long gold, a bearish contrarian indicator. However, recent daily and weekly sentiment shifts give us a stronger bearish contrarian bias.

— Written by Nick Cawley, Market Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

2019-05-07 09:20:00

Gold Price Chart Hints at Downside Bias Amid Conflicted Trade

Posted: 06 May 2019 11:47 PM PDT

GOLD & CRUDE OIL TALKING POINTS:

Gold prices pinned in place by diverging US Dollar, bond yields
Crude oil prices echo risk trends on US-China trade war worries
EU Commission forecast update, API and EIA data due ahead

Conflicting influences from the US Dollar and benchmark Treasury bond yields pinned gold prices in place yesterday. A volatile response to signs of escalation in the US-China trade war traced out inverse whipsaw price swings that put the metal's defining anti-fiat and non-yielding attributes in conflict.

Crude oil prices tracked stock performance. First, WTI and S&P 500 futures sank in tandem as trade war headlines hit the wires. The two then recovered in lockstep as market sentiment trends moved to normalize toward pre-panic levels.

All the same, the mood still seems to be uneasy. Shell-shocked investors are on the lookout for headline risk, troubled by confirmation of a looming tariff hike from the White House but heartened by indications that a Chinese delegation set to arrive in Washington this week will still make the trip.

How this story develops from here may prove pivotal, leaving traders reluctant to commit to a directional bias until fresh clues emerge. Price action may be muted in the interim. Updated economic forecasts from the EU Commission are likely to deliver downgrades, which might make for a risk-off lean.

The weekly release of API inventory flow data is also due. It will be weighed against expectations of a 1.2 million barrel rise to be reported in official government figures Wednesday. An updated EIA Short-Term Energy Outlook report is also on the docket.

See the latest gold and crude oil forecasts to learn what will drive prices in the second quarter!

GOLD TECHNICAL ANALYSIS

Gold prices are coiling up below the $1300/oz figure, wedged between resistance capping gains since late February and support establishing the uptrend from mid-August 2018 lows. The completion of a bearish Head and Shoulders top argues in favor of a downside bias. A daily close below 1260.80 exposes the 1235.11-38.00 area. Alternatively, a break above 1294.79 eyes the 1303.70-09.12 zone next.

CRUDE OIL TECHNICAL ANALYSIS

Crude oil prices are testing support at 60.39, with a break confirmed on a daily closing basis setting the stage to challenge the 57.24-88 area. Forays topside face a dense layer of resistance running through 67.03. Breaching beyond that puts the $70/bbl figure into focus.

COMMODITY TRADING RESOURCES

— Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

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2019-05-07 06:30:00

Australian Dollar Leaps As RBA Leaves Rates On Hold, Eyes Labor Market

Posted: 06 May 2019 09:52 PM PDT

The Australian Dollar got a boost from the RBA’s decision to leave interest rates alone. Markets had priced quite a high chance of a further reduction but the RBA is keeping a wary eye on the country’s still-strong job creation.
2019-05-07 04:31:00

AUDUSD Outlook Hinges on RBA Meeting Amid Bets for 25bp Rate-Cut

Posted: 06 May 2019 08:38 PM PDT

Trading the News: Reserve Bank of Australia (RBA) Interest Rate Decision

The Reserve Bank of Australia (RBA) interest rate decision may trigger increased volatility in the AUD/USD exchange rate amid speculation for a 25bp rate-cut.

It remains to be seen if the RBA will reduce the official cash rate (OCR) ahead of the Federal election on May 18 as Governor Philip Lowe & Co. argue 'a lower level of interest rates could still be expected to support the economy through a depreciation of the exchange rate and by reducing required interest payments on borrowing, freeing up cash for other expenditure.'

In turn, a 25bp rate-cut along with a material change in the forward-guidance for monetary policy is likely to produce headwinds for the Australian dollar, but more of the same from the RBA may fuel a larger rebound in AUD/USD as market participants scale back bets for lower interest rates.

Impact that the RBA rate decision has had on AUD/USD during the last meeting

Period

Data Released

Estimate

Actual

Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

APR

2019

04/02/2019 03:30:00 GMT

1.50%

-24

-34

April 2019Reserve Bank of Australia (RBA) Interest Rate Decision

AUD/USD 5-Minute Chart

Image of audusd 5-minute chart

The Reserve Bank of Australia (RBA) kept the official cash rate (OCR) at the record-low of 1.50% in April, with the central bank still endorsing a wait-and-see approach for monetary policy as 'growth in household consumption is being affected by the protracted period of weakness in real household disposable income and the adjustment in housing markets.' The remarks suggest the RBA is in no rush to alter the forward-guidance as the'low level of interest rates is continuing to support the Australian economy,' and it seems as though the central bank will stick to the sidelines ahead of the upcoming elections in May as Governor Philip Lowe & Co. pledge to 'monitor developments and set monetary policy to support sustainable growth in the economy and achieve the inflation target over time.'

More of the same from the RBA dragged on the Australian dollar, with AUD/USD slipping below the 0.7100 handle to close the day at 0.7071. Learn more with the DailyFX Advanced Guide for Trading the News.

AUD/USD Rate Daily Chart

Keep in mind, the AUD/USD rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7168), with the exchange rate marking another failed attempt to break/close above the moving average in April.
In turn, AUD/USD may continue to give back the rebound from the 2019-low (0.6745) as the wedge/triangle formation in both price and the Relative Strength Index (RSI) appear to be unraveling following the break of the March-low (0.7003); next area of interest comes in around 0.6850 (78.6% expansion).
However, lack of momentum to break/close below the 0.6950 (61.8% expansion) hurdle may trigger a larger rebound in AUD/USD as it attempts to fill the gap from earlier this week, with a move back above the 0.7020 (50% expansion) region opening up the Fibonacci overlap around 0.7090 (78.6% retracement) to 0.7110 (78.6% retracement).

Additional Trading Resources

New to the currency market? Want a better understanding of the different approaches for trading? Start by downloading and reviewing the DailyFX Beginners Guide!

Are you looking to improve your trading approach? Review the 'Traits of a Successful Trader' series on how to effectively use leverage along with other best practices that any trader can follow.

— Written by David Song, Currency Strategist

Follow me on Twitter at @DavidJSong.

2019-05-07 03:30:00

ASX 200 Retreats Modestly But Longer-Term Uptrends Still Endure

Posted: 06 May 2019 07:17 PM PDT

ASX 200 Technical Analysis Talking Points:

The Australian stock benchmark has retreated a little
But it's too early to say that the bulls have lost control
Even the first Fibonacci retracement of this year's gains comes in some way below the market

Find out what retail foreign exchange traders make of the Australian Dollar's chances right now at the DailyFX Sentiment Page.

The ASX 200 has given back some of the gains which took it up to the 2019's highs so far late last month.

Fundamentally speaking risk aversion has been dealt a heavy blow by this week's news of apparently rising trade tensions between the US and China.

Things don't look too serious for the bulls yet, however. Admittedly the former trading range is in danger of a downside break but its not conclusive. A daily or weekly close below 6297 would make it so, however, and that is hardly impossible at current levels.

Still, even should it occur, even the first Fiboancci retracement of this year's rise doesn't come in until 6146, a good 150 points below current levels. Of course, a fall that far would be more serious for the bulls because it would certainly entail a break of the currently dominant uptrend.

Indeed, that prospect looks to be very likely with the index virtually on that uptrend line now. There does seem to be some danger of a head and shoulders pattern forming on this chart, with the shoulder at April 3's highs. That of course is a 'topping out' pattern which would suggest that the bulls were exhausted. However, there are plentiful fundamental risk sources out there at the moment, and a broad revival in risk appetite may yet see the index headed higher again.

Momentum indicators such as the Relative Strength Index certainly don't suggest that the bulls are exhausted.

Still, it is worth looking also at the monthly chart and that might be sounding a note of caution.

It's by no means a sharp note yet. The index is clearly still well within the uptrend channel which has held good since the financial crisis' grip started to weaken in 2009. Still, that channel has not had a serious upside test since its inception, and the index may be in some danger of forming a double top now, commensurate with the highs of last July.

In the short-term the bulls may still have some fight left in them, but this chart will bear watching from here as the year progresses.

Resources for Traders

Whether you're new to trading or an old hand DailyFX has plenty of resources to help you. There's our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There's also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they're all free.

— Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!

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2019-05-07 02:00:00

Trade War Threats Look to Derail Rebound

Posted: 06 May 2019 02:47 PM PDT

S&P 500 Price Outlook Talking Points:

The S&P 500 staged a formidable comeback into Monday's close – but remained 0.4% lower than it closed last week
Shortly after the close, US Trade Representative Lighthizer announced the next steps in the US-China trade war – spurring the S&P 500 lower in the after-hours session
With trade talks on the fritz and the month of May progressing, will the stock market crash and fulfill the "sell in May and go away" phenomenon?

S&P 500 Price Outlook: Trade War Threats Look to Derail Rebound

After gapping lower at Monday's open, US equities attempted to recoup early losses. Despite the sobering comments from President Trump over the weekend, US and Chinese officials announced they will still meet in Washington later this week to negotiate. The announcement likely played a role in Monday's rebound. That said, traders were wary that turbulence in the stock market may not be over.

CBOE Volatility Index (VIX): Daily Time Frame (October 2018 – May 2019) (Chart 1)

Despite Monday's comeback, the Chicago Board of Option's Exchange Volatility Index – or VIX – closed Monday a staggering 19.5% higher than it opened, suggesting traders were wary of more trade talk. To the chagrin of bulls, the next steps in the US-China trade war were outlined shortly after the close by US Trade Representative Robert Lighthizer.

Mr. Lighthizer took to the air announcing plans to implement tariffs on China, lamenting the lack of progress in negotiations. "President Trump would like adeal with substantial structural changes, that is not where we are right now" he said. "We will probably put out a notice on Tuesday about the increase in tariffs to 25% of $200 billion of Chinese goods on Friday" he continued. Following the comments, Apple and Caterpillar slipped to after-market lows – while S&P 500 futures sank to 2,909.

S&P 500 Mini Futures: 15 – Minute Time Frame (May 6) (Chart 2)

With progress exchanged for escalation, Tuesday trading may offer another bout of volatility which could be more difficult to shake as officials double down on threats. With trade uncertainty abound, traders can look to trade the resulting volatility in stocks. Elsewhere, implied volatility for the Australian Dollar is heightened ahead of a rate decision from the Bank of Australia.

–Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide.

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2019-05-06 21:38:00

Currency Market Volatility Surges on Trump Tariffs, AUD Eyes RBA

Posted: 06 May 2019 12:18 PM PDT

CURRENCY VOLATILITY – TALKING POINTS:

The DXY US Dollar Index 1-week implied volatility surges amid the latest flareup in trade relations between the US and China
AUDUSD overnight implied volatility skyrockets to its highest level since June 2016 ahead of the RBA interest rate review
Take a look at this article for information on the How to Trade the Top 10 Most Volatile Currency Pairs or download the free DailyFX 2Q USD Forecast for comprehensive fundamental and technical insight on the US Dollar over the second quarter

Over the weekend, US President Donald Trump shocked markets with a tweet that stated tariffs on $200 Billion of Chinese goods will be raised from 10 percent to 25 percent this Friday. The remarks are said to be in response to US trade negotiators voicing concern that China showing signs of walking back on a possible trade deal.

The blindsiding escalation came as a surprise considering several headlines from the White House proclaiming that US-China trade talks were "going well" with plans for Chinese Vice Premier Liu He to travel to Washington, DC this week for the eleventh round of negotiations. In response to this latest jolt of uncertainty, traders began to sell risk and flock into 'safe-havens' while bidding up volatility.

DXY US DOLLAR INDEX 1-WEEK IMPLIED VOLATILITY PRICE CHART: DAILY TIME FRAME (JANUARY 01, 2019 TO MAY 06, 2019)

Consequently, the DXY US Dollar Index 1-week implied volatility measure surged to 5.95 percent as the gauge continues to show signs that forex market volatility could be rebounding off recent lows. Price action in the Chinese Yuan also ticked higher with USDCNH jumping the most since 2015 when the CNY was devalued.

FOREX MARKET IMPLIED VOLATILITY AND TRADING RANGES

Currency Market Volatility Surges on Trump Tariffs, AUD Eyes RBA

Meanwhile, with the Reserve Bank of Australia on deck to announce its latest interest rate decision, AUDUSD is expected to be the most active currency pair over the next 24-hours with an implied volatility of 21.16 percent which is its highest reading since June 2016. As such, forex traders might expect the Aussie to trade between 0.6913 and 0.7067 with a 68 percent statistical probability.

AUDUSD PRICE CHART: DAILY TIME FRAME (DECEMBER 18, 2018 TO MAY 06, 2019)

AUDUSD Price Chart Implied Volatility before May 2019 RBA meeting

Since the RBA released its March meeting minutes, rate cut bets have accumulated and contributed to the sizable move lower in AUDUSD. Now, overnight indexed swaps are pricing a 46 percent chance that the RBA lowers its overnight cash rate by 25 basis points at tomorrow's meeting.

If the RBA does in fact cut rates, AUDUSD could potentially target the 0.6900 price level – particularly if trade uncertainty is cited by the central bank as a contributing factor to its decision. Conversely, a firm yet cautious tone from the RBA where the central bank stands pat on rates could bolster the Australian Dollar. Although, upside may be limited by downtrend resistance or further dovishness conveyed by the RBA despite if it leaves rates unchanged.

TRADING RESOURCES

Whether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading.

– Written by Rich Dvorak, Junior Analyst for DailyFX

– Follow @RichDvorakFX on Twitter

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2019-05-06 18:38:00

Price Moved by 14.9% Since January 7

Posted: 06 May 2019 10:28 AM PDT

NET-SHORT POSITIONS DECREASED FROM LAST WEEK

US 500: Retail trader data shows 28.5% of traders are net-long with the ratio of traders short to long at 2.51 to 1. In fact, traders have remained net-short since Jan 07 when US 500 traded near 2539.44; price has moved 14.9% higher since then. The number of traders net-long is 1.3% lower than yesterday and 13.8% higher from last week, while the number of traders net-short is 5.7% lower than yesterday and 4.5% lower from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to "Identify Trends with Sentiment":

(click on one of the above times to enroll)

S&P 500 RECENT CHANGES SUGGESTS PRICE TREND MAY SOON REVERSE

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

— Written by Nancy Pakbaz, CFA, DailyFX Research

Follow Nancy on Twitter @NancyPakbazFX

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2019-05-06 17:20:00

GBP/USD Tests Support at Prior Resistance

Posted: 06 May 2019 09:16 AM PDT

GBP Talking Points:

– The British Pound caught a bid last week after BoE Governor Mark Carney warned that faster rate hikes may be necessary in the UK.

– GBP/USD rallied up to fresh monthly highs on the back of that theme, coupled with a sell-off in the US Dollar last Friday. This keeps the pair in an attractive position for strategies around USD-weakness, looking for the US currency to further its fall.

– DailyFX Forecasts are published on a variety of currencies such as Gold, the US Dollar or the Euroand are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide.

Do you want to see how retail traders are currently trading GBPUSD? Check out our IG Client Sentiment Indicator.

GBP/USD Pulls Back from Fresh Monthly Highs

The late-week sell-off in the US Dollar was warmly received by GBP bulls, as GBP/USD rallied up to a fresh monthly high on Friday. That bullish move stopped short just shy of the April swing highs, which came in around a zone of Fibonacci resistance at 1.3181-1.3187.

This week's trade saw an initial gap-lower that was filled in the first few hours of the open, and prices have continued to pull back in the early portion of this week with support showing around prior resistance.

GBP/USD Hourly Price Chart

Chart prepared by James Stanley

I had looked into the matter in this week's FX Setups, attempting to catch higher-low support in GBP/USD after last week's rally. The zone has so far helped to hold the lows, and this runs from 1.3087-1.3117; and the big question at this point is whether buyers can remain on the bid.

Last week's Bank of England rate decision may have some continued pull on the matter, given that BoE Governor Mark Carney warned that faster rate hikes may be necessary. This week's economic calendar is noticeably quieter out of the UK, with the lone high-impact announcement set to be released on Friday morning with the release of GDP numbers. And there aren't many directional signs from retail positioning, either, with approximately 55.4% of traders in a net long position via IG Client Sentiment.

This leaves themes in US Dollar price action as one of the primary drivers in the pair.

GBP/USD Four-Hour Price Chart

Chart prepared by James Stanley

The US Dollar: Top or Not?

Last week was very interesting in the US Dollar, where a Wednesday/Thursday post-FOMC rally was hit hard on Friday. But, through it all, GBP/USD retained a bullish posture, including a strong gain on Friday when USD-weakness began to contribute to the theme.

And given this fresh strength showing in GBP after the warning from Mr. Mark Carney, this puts the pair in an interesting spot for strategies of USD-weakness. If the US Dollar does continue to fall, given this fresh warning of potentially hawkish behavior, and the topside of GBP/USD can remain as attractive. This comes at a time when Central Banks in Europe, Japan, China and the United States have all been talking up some form of dovish policy; so, the simple fact that there is a major Central Bank out there going against the grain can produce a workable theme moving forward.

I had looked into this scenario in this week's FX Setups, looking for an initial move down to support in the 1.3087-1.3117 zone. There's another potential zone of interest just a little lower, from around 1.3040-1.3053; and below that, the big figure awaits, as this is the same price that helped to set the May low in the zone from 1.2976-1.3000.

GBP/USD Eight-Hour Price Chart

Chart prepared by James Stanley

To read more:

Are you looking for longer-term analysis on the U.S. Dollar? Our DailyFX Forecasts have a section for each major currency, and we also offer a plethora of resources on Gold or USD-pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD. Traders can also stay up with near-term positioning via our IG Client Sentiment Indicator.

Forex Trading Resources

DailyFX offers an abundance of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Our trading guides bring our DailyFX Quarterly Forecasts and our Top Trading Opportunities; and our real-time news feed has intra-day interactions from the DailyFX team. And if you're looking for real-time analysis, our DailyFX Webinars offer numerous sessions each week in which you can see how and why we're looking at what we're looking at.

If you're looking for educational information, our New to FX guide is there to help new(er) traders while our Traits of Successful Traders research is built to help sharpen the skill set by focusing on risk and trade management.

— Written by James Stanley, Strategist for DailyFX.com

Contact and follow James on Twitter: @JStanleyFX

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2019-05-06 16:09:00