Buying the dips to record highsCreated: 11th Feb 2020
What a bounce on the US stock markets as the threat of the Coronavirus being downgraded by a reduction in the number of new cases being announced. Also strong US Manufacturing data and Trump’s impeachment acquittal help fuel the rally as the S&P and Dow shrugged off recent losses to new highs.
Today’s Podcast looks at these events and the effect on the markets, and what to look out for in the week ahead, if trading Forex, indices and commodities. Adrian then reviews the movement on US Dollar Forex pairs USDCHF, USDJPY and EURUSD and current trades, plus other opportunities on the Oils and Copper. In Defining Trading, Adrian looks at “Support and Resistance”, defines what it means, what causes it and applies it to the recent GBPUSD chart for some live examples.