As the winds of war continue to exert its influence on the markets, the USD is trading higher and near highs for the day. The US stocks are lower with the futures implying a decline of -240 points for the Nasdaq and -52 points for the S&P, The US yields are higher with the 10 year up 5.6 basis points ahead of the 3rd of the 3 coupon auctions this week – the first two did not go so well. Finally, oil prices are higher with crude up around $4 at $94.30.
IN the video above, I breakdown the technicals for the three major currency pairs – the EURUSD, USDJPY and GBPUSD. What is the bias and why? What are the risk levels for that bias? What are the targets ahead? All those three things traders need to know to trade with success.
This article was written by Greg Michalowski at investinglive.com.
