Hmmm... you are right.Originally Posted by ;
It is new to me. It is quite interesting actually...
Hmmm... you are right.Originally Posted by ;
It is new to me. It is quite interesting actually...
when you begin thinking which order then you're already hoping to systemize it. Don't do this... This can bring you unstuck, you need to maintain an open mind, all factors will be present consistently. How does put it rigidity kills.Originally Posted by ;
Just focus on what's moving your pair and watch. As time passes the rest should present itself and new inquiries will lead to new replies. Google is your friend. Let the analysts do the hard work for you. You don't have to become an expert in fundamentals or macro economic behavior. However, any knowledge is knowledge that is good.
Like Gsantri said, you just need to have a sense of how things work, a few individuals can do this with charts alone. Depends on your egy and what suits you personally and what you're comfortable with.
This is not the holy grail but you might look at correlations on the market
look at the equity markets and the way they're doing
risk on the markets at the green the yields higher
risk off the markets at the crimson the yields lower
risk on usd bearish (signifies positve correlated currencies aud, gbp, eur should go higher, and conversely jpy,cad,chf the chart should appear bearish
risk off usd bullish (and jpy is tricky cause it tends to appreciate too, all safe heavesn appreciate, and gbp, aud, eur move lower
Risk aversion / risk off sentiment continued to London session up to now.Originally Posted by ;
Virtually all http://finance.yahoo.com/intlindices?e=europe now in RED
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Attempting to define market setiment right now is like trying to define the moods of a bipolar individual
Ok, That's a good case for market sentiment through correlation with stock.Originally Posted by ;
When you see that the London stock, it is down, but on the other hand the US stock is down.
It's both bad news. How we decide the sentiment? neutral?
Of course if we'll realize that the EURO at drawback because the debt crisis. The sentiment is currently going for USD. I know really it is not that easy to determine. It's only a rough anlysis...
Here is another illustration of'risk on / risk hunger / us dollar bearish' when us data came out positive on last Friday. .Originally Posted by ;
https://www.forexsoutheast.asia/cryp...e-candles.html