The British pound continues to see a lot of noise, as traders recognize that London is going to be hesitant in cutting rates rapidly, just as the Americans could do.
About Christopher Lewis
Christopher Lewis is a Columbus, OH-based Forex trader who enjoys trading a wide range of pairs from the traditional EUR/USD to more exotic USD/RUB, and many things in between. Unlike many Forex traders who prefer to trade in a specific market session, Christopher takes advantage of the flexibility provided by the currency markets, and he trades in all sessions, most often when he’s taking a study break from pursuing degrees in both finance and computer science.
Mr. Lewis most often trades on the daily or weekly chart, rather than on a shorter time frame, making his market outlooks suitable for traders in all time zones. In addition to multiple daily analyses, he has been providing DailyForex.com traders with regular video analyses for several years. He also contributes weekly Forex forecasts, monthly outlooks and even yearly forecasts, all of which are all highly valued by his loyal following. Christopher has tested dozens of Forex trading platforms during his years as a trader, though he now uses GFT’s 360 DealBook when placing personal trades.
In late 2014 Mr. Lewis began contributing signals to ForexSignalz.com, where he collaborates with DailyForex’s chief trader, Adam Lemon, to provide additional signals to serious traders directly to their mobile phones. Mr. Lewis’s signals, although not overly aggressive, are largely based upon his own personal trades and trading strategies that he has cultivated over many years, making them suitable for traders at all levels and for traders using a range of trading platforms.
When he’s not studying, trading or chasing after his two young children, Christopher manages to find time to operate his own Forex website, aptly called The Trader Guy.
Latest 12 Articles
The US dollar continues to see a lot of noise, as traders have recently tried to push the Federal Reserve into perceived rate cuts coming quickly. This is something the trading community has been wrong about for some side.
The NASDAQ 100 continues to see a lot of noise, but at this point in time, the markets are consistently seeing NYC buying.
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The gold market continues to be one that a lot of people will be watching closely. The brutal selloff on Friday caught a lot of people off guard, and now the entire world seems to be watching closely.
The euro did try to rally a little bit during the early hours here on Monday but simply cannot hang onto gains at the moment as the Federal Reserve Chairman nominee has the markets rethinking things.
The US dollar has rallied against the Canadian dollar again during the day on Monday as the widely reported death of the US dollar seems to be premature.
Silver continues to see a lot of noisy behavior as the market initially tried to recover on Monday after plunging right at the open. That being said, we have seen the sellers come back into the silver market and it now is simply hanging around the 50-day EMA.
The 0.60 level is being tested, and it is a large round psychologically significant figure that mattered quite a bit multiple times in the past. This is an area that we are going to have to pay closer attention to.
The German DAX had a strong session on Monday, gaining over 1%, despite the initial sell off. Once traders got over the idea of the metals sell off being so brutal, it looks like we started to focus on fundamentals again.
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The Aussie dollar continues to be strong in general, despite the fact that the US dollar has taken the driver’s seat in general as far as the foreign exchange markets are concerned.
The Euro has plunged during the trading session here on Friday as the market is trying to sort out whether or not this latest breakout is a real thing, or false. Tensions around the world could continue to play a part as well.
The Aussie dollar was negative during the Friday session, as the market is trying to price in the idea of the RBA hiking rates soon, while the Fed is expected to cut twice this year.
