Euro futures trading is Fading, Dollar is surging US market follow
Euro futures trading is Fading, Dollar is surging US market follow in Sync with the dollar as the US move past Europe.
The S&P500 emini futures has said good bye to the Euro futures trading in the short term. The 2 month love affair as the couple ran up has finally seen the break up that was on the books. For the first week in the last 9 the S&P 500 emini has decoupled itself from the Euro. Asked why, the S&P said that could no longer hang out with a spender on a leash and would return to the the market with no regulations on where or how much it could spend and would be hanging with the Dollar index.
The dollar index on the other hand sees this as temporary and is running into a little resistance, asking the question, If the S&P has finally broken free and the US market finally realizes the “economy” and the public are not together, that the public will bear all the expenses if China won’t. Then we could see another break up between the S&P and the dollar index. We shall see. If there is no commitment on the governments part to free Syria or take away oil from those evil dudes in Iran then the Dollar doesn’t deserve its strength and we can see another move down. Does this mean there could be another chance for the S&P500 and the Euro to hook back up? We shall see what the euro futures trading does and if they really want to get back together again. It is as if the euro futures trading has to go through a bit of rehab before it is let back in.
The S&P500 has broken its resistance and now has a floor put in at 1365 area. Buyer commitment is weak but who know the “Market Recovery Team” previously known as the “invisible hand” could be stepping into boost the S&P along to the next major resistance at 1435 then 1465. WE shall see if we keep following this choppy trend of consolidation with minor retracements. No Volatility will be a sign that the traders are sitting on the sides of this move as the only real volume we have seen is on the sell side.
Watch as the Euro futures trading puts in a bit of resistance at the “PSYCHOLOGICAL” support of 1.30 and the dollar index approaches 81.00. This is close to where the S&P500 and the Euro couple again. We shall see.
Trade what you see and never listen to the so called experts. If you can’t see the direction of the market and don’t understand how to use a stop, then don’t trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late.
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Disclaimer: day trading is high risk, do your own work :Euro futures trading is very risky. The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in euro futures trading and all markets.
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