Forex Signals Brief for Feb 17: Markets Roll Over
Rowan Crosby • 1 min read
US markets opened higher, before starting to slowly roll over and ultimately ending red across the board.
This is the first time we’ve seen any hint of weakness after weeks of steady buying as volatility has been all but crushed.
The Data Agenda
There is a little bit of data around that is worth paying attention to in the short term, led by the latest US retail sales data and PPI.
We will also be getting the minutes of the FOMC and ECB, however, as I’ve been saying for some time, the Central Banks are now bordering on irrelevant.
Earlier in the session, we will also get CPI out of the UK.
Forex Signal Update
The FX Leaders Team hit 6 winners from 7 trades yesterday for a 86% strike rate in what was a very strong day from the guys.
Keep watching the forex signals page as there could be plenty of action as markets are getting active.
EUR/USD – Active Signal
The EUR/USD couldn’t crack resistance and has pulled back. We are long on the retrace.
USD/CHF – Watching
The USD/CHF got a boost from the bounce in the Greenback. We are shorting the pop higher.
BTC tested the $50,000 level for the first time yesterday and is very strong still along with the entire sector at the moment.