Daily Forex Trading Edge |

What are the currencies to focus on now?

The key to trading the pairs is understanding where the movement is coming from. Right now the dollar is moving higher leading the way for the risk OFF environment that is ruling the market and despite the fact that the Dow is not selling off with the same acceleration that the greenback is rallying, there are plenty of pairs that are moving with the fear that has taken hold of the market psyche.

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Watch for those larger corrections in the trend!

The risk off environment may be taking a breather and if it does a near-term floor in the Dow and ceiling in the U.S. dollar will be put in place as both these markets are in a chop.

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Three Ways I’m Playing the Euro

While I know the EUR/USD is by far, the most popularly traded pair, there are other ways to play the drama unfolding in Europe and with more price and psychological clarity.

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AUD/JPY Correction Entry Set Up: Aussie Weakness and a "Risk Off" Play

As the Australian economy and dollar prepare for tonight’s 9:30pm EST release of the Trade balance number, the aussie is rallying against the yen, dollar, and loonie today. But each of these pairs are in bearish trends on the daily time frames, with the best clarity on the AUD/CAD and AUD/JPY.

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Risk is OFF the Table: Set Ups I’m Watching

The exhaustion from the range highs in the Dow have finally pushed the bullish support aside and on the momentum of a dismal jobs number the bears are driving the equities market lower and taking risk off the table. The greenback is rallying even though this could put QE back in focus.

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