Best Forex Trading Signals
The Standard & Poor’s 500 Index extended its significant decline of 3.8 percent last week, falling a further 2.1 overnight. Driving a global sell-off in risk assets, treasuries rose amid concerns that the US deficit-cutting subcommittee is most likely to say today that it failed to reach an agreement on US$1.2 Trillion in savings.
With the subcommittee’s inability to again find mutual ground, serious questions remain as to whether US Congress are able to put a solution ahead of collective differences, with the current disagreement showing distinct similarities to the debt ceiling debate of a few months ago.
In currency movements overnight the US Dollar rallied against the Japanese Yen opening higher this morning at a rate of 76.935 whilst the EURO remained relatively steady losing around 30 basis points against the Greenback. Over the coming 24 hours US Budgetary Talks are likely to remain at the forefront of investors minds as European Bonds Yields drifted slightly higher again overnight.
Now, on to our open positions and new trades. Lets take a look at the specifics:
Open Orders
[Content protected for Premium members only]
New Orders
[Content protected for Premium members only]
More Like This:
If you enjoyed this article, please consider sharing it!
