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EUR/USD and GBP/USD looking for ECB signal

Ian foster, from BeAWinningTrader.com, joins Zak Mir and Mike Ingram on Tip TV to talk about some of the latest movements in market indices and currencies, and where to find the buy and sell signals.

Uncertainty over Dow Jones

Ian Foster talked about the signs in the market that helped to anticipate Black Monday’s flash crash; and how, despite continuing volatility, it may see a bullish break soon. The FTSE 100 had similar predictors, as it made lower highs, but this too could be ready for an upward move in the market.

Currencies looking sickly

Zak Mir believes that the Euro and Sterling are beginning to stall, and could be expecting a surprise move from the ECB to reinvigorate movements. Foster points out GBPUSD’s recent sideways movement, and advices vigilance when investing.

 

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.