James Helliwell, Head of Markets at the Lex Van Dam Trading Academy, joined Tip Tv to give his insights on EUR/USD, Commodities and the Equities space.
EUR/USD: showing a unique characteristic
Helliwell looks at the past few trading sessions and mentions that the EUR/USD sees a peculiar characteristic, the pair has been sold when European traders head home and the US session comes alive, further adding that US markets have been buying the USD at open.
Commodities – Surpassing previous crisis lows
Helliwell shares the scenario of the commodity market, noting that energy and metals have continued to drag the commodity index lower. He further shares that base metals have surpassed previous crisis lows, while commodities are near 13 year lows.
View how Helliwell explains about reversal risks in the equity markets
EUR/USD – peculiar characteristic seen. As Europe goes home and US comes online – selling of EUR/USD is seen due to preference of dollar bid. Last 5 trading sessions. More activity might be seen in a shorter time frame.
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