Euro leads the equities market by the nose as the S&P 500 defies the good news.
As always it is good to keep abreast of the forex market situation. We like to keep a balanced view from both sides of the Atlantic and in line with that here are two new videos from Adam Hewison of the Market Club.
Today’s question is, is the euro having undue influence on the US and European equity markets? It would definately seem so as they are shadowing the euro at every move. Take a look at the ETF FXE, the spot euro, and also the euro futures market at the Chicago Mercantile Exchange (CME), as they are all tradable.
This video shows exactly how the Market Club thinks the euro will play out in the future which as reported in an earlier blog the thought is that we are heading for EUR/USD parity.
In the second of these market analysis videos you will see how the “Fibonacci factor” is playing a part in the retracement levels in the S&P 500. Occasionally, markets reverse for no apparent reason and seem to defy any news that would support the direction of the trend.
Look out later this week when the Market Club unveils their new educational trading video debuts on Friday, which they dub, “Fibonacci Friday”.
Video 1: Forex Should Not be Foreign to You
Video 2: Why markets reverse… blame it on Fibonacci
Whether you agree, disagree, or just want to comment on these videos, please do so below.
Videos curtesy of Adam Hewison, President and Co-creator of MarketClub.
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