Forex Forecast: Pairs in Focus

Started by OZER, Dec 20, 2021, 12:44 AM

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The difference between success and failure in Forex trading is very likely to depend mostly upon which currency pairs you choose to trade each week and in which direction, and not on the exact trading methods you might use to determine trade entries and exits.

When starting the trading week, it is a good idea to look at the big picture of what is developing in the market as a whole and how such developments and affected by macro fundamentals and market sentiment.

Big Picture 19th December 2021
Last week's Forex market saw a lot of important news releases and the early stages of a big wave of coronavirus starting to hit western countries, mainly in Europe. However, directional volatility was not especially high, but we did see quite active markets during the second half of the week following the FOMC release.

The US dollar rose a little in line with its long-term bullish trend, but the hawkish tilt from the FOMC on Wednesday did not move the price of the greenback by much. The US Dollar Index ended the week roughly where it started just before the release.

Risk sentiment worsened over the week, with most stock markets lower, including the benchmark US S&P 500 Index. Most global stock markets fell over the week, as did the Australian, New Zealand and Canadian dollars which are commodity currencies and key risk barometers. The worsening of risk sentiment globally is probably mostly because there is increasing fear over the impact of the omicron coronavirus variant which has begun to spread extremely rapidly in some European nations and is just getting started in the USA. Safe-haven currencies such as the Japanese yen, the Swiss franc, and the US dollar are all higher, but only marginally so in the case of the yen and the franc. It is worth noting that all these movements are relatively small and the swings in risk sentiment I am describing are nothing special and probably do not represent especially strong trading opportunities.
All content is for education purpose only, not financial advices.

Im working worldwide for god servant thats it

0:51: Noice  6:19: Weird pacing on bubble...

All of Ms. Dixon's answers were disappointing and not to the point.

watch?v=hvcDk74cir0www..comjust make laws requireing everyone to work and that will stop inflation.........worked after the plague https:

Mr brooks was definitely needed person in clarity and was instrumental for this hearing

Feds should have raised interest years ago....tapering off won't do a dam thing.

Funny how nobody mentioned "stealing" as an equivalent of gambling in bubbles. Commoners blame Wall Street for this speculative behavior, yet copy them...

Tesla aint  just cars ~  Its gonna be a new World Order.   Think Space X.

services that are used for inflation should be comparable and easily measured, however this is an old way of thinking to keep calculations simple and easy to track. However society and technology have gotten more advanced. Why can't there be a more advanced inflation model be created that factor in for inconsistent products and services such as housing, food and electricity? Seriously, google can on the fly calculate ideal driving directions instantly for many millions of drivers at any given moment in the day around the world, but economists are limited to the easiest goods and services to track? There are online bots that track prices constantly for deals for consumers. Builders, realtors, property assessors, and so forth have a wealth of information to price homes. Builders may even go with price multipliers to get a general price for out of state pricing. Inflation likes to avoid volatile prices, but the reality is people are buying this constantly that are priced this way. If bots can get pricing and figure our averages and trends on a per product basis, why can't that be used for inflation? I'm no economist, and I don't care for reasons that equate to "it's too hard", when that's not how we got to this point in society. Trillions are at stake based what economists says about the economy, so why not spend more on getting better information.I get that the basket of good

Stellar? wtf is STellar? Get Vitalik there to explain the metaverse.

As a landlord with multiple fixed rates mortgages, I really, really like inflation.

There is no recovery coming  until Bankers are willing to pay to hold our money , real interest rates without printing more money it happens in a flash crash it happens in a flash. 25 bases points  a month until we reach 5%  would do wonders !  Just sayin