Summary 1/12 – 1/16 – ActionForex

Current Price at the Time of This Analysis: 5,436.5 Instrument: S&P 500 E-mini Futures (ES) Methodology: tradeCompass – Key Levels & Trade Zones using VWAP, Value Area, and Volume Profile. Bias and Thresholds Bullish Threshold: 5,433.0 Price is currently above this level, so bias is bullish. However, price is still very close, so some traders…

I hope you didn’t lose sleep over the election last night. As the votes came in, one thing was for certain – the markets liked the odds leaning in favor of President Trump. Whether you voted for him, or Kamala Harris, as traders, we want to focus on the dynamics of the stock market. That’s…

After months of speculation, the government has announced that it will reinstate the winter fuel payment to most pensioners in England and Wales. Under the new rules, any pensioner with an income of up to £35,000 a year will be eligible for the full allowance, while anyone on more will have to pay back their…

EUR/USD has dropped significantly more than what the swing in rate differentials can justify. So, while a December Fed cut has clearly decreased in probability, there are downside risks for the greenback ahead of today’s payrolls. A bad payroll print could prompt FX intervention on USD/JPY, which has kept marching towards 160 USD: Dollar Has…