“Join AB for Friday Live in the FX Trading Room 2pm AEDT.”

Get excited! Registrations open on Monday for our 2018 Professional Trader Boot Camp. This year’s event will be held at Twin Waters Resort on the Sunshine Coast on Saturday, June 9th and Sunday, June 10th. The event is free for all members and you will receive via email a registration link on Monday to confirm your registration. Please do not call or email the office today, wait for Monday’s email which will have all the information you need including details on discounted room rates at Twin Waters Resort.

If you are free for 60 minutes today at 2pm AEDT (Sydney time) join me in the FX Trading Room for Friday Live. Today I will be walking you through a small change to the way TIA will be taking the 4-hour trades from the Daily Trading Plan. I will also be sharing the complete risk and reward analysis spreadsheet Alex Kozulin shares with his Private Fast Track group. Earlier this week I showed you one slide from Alex’s presentation and in today’s Friday Live I will be sharing just how powerful understanding the numbers game can be. We will also review the major pairs and share with you where we are from a technical and fundamental perspective. We’ll also recap the major economic data announcements from this week and how they have impacted price as well as look ahead to next week’s economic calendar and see what data investment banks and hedge funds will be eyeing.

The US Dollar has continued to struggle this week even as the US 10 Year Treasury Bond rises to just shy of 3%. I don’t believe the greenback will continue to weaken if the yield goes over 3% in coming weeks and I don’t think a rally back higher on the US Dollar is far away. The Aussie and Kiwi Dollars have benefited from a weaker greenback and higher commodity prices and the AUD v USD is now looking like it wants to roll over into wave 5 on the 4-hour chart. I will discuss this today on Friday Live and show you where an entry could be considered that offers solid reward v risk. For the US Dollar to gain genuine strength again and move back higher investment banks and hedge funds are going to have to buy back into the US growth story. What’s holding it back is overall global growth and rising inflation globally and what’s been happening is a spread of money is being invested across a number of asset classes outside the USA thus demand for the US Dollar hasn’t been as strong. The US Dollar has naturally weakened as a result but I do still believe the greenback will be a favoured investment throughout 2018 and buying opportunities with genuine value propositions should be considered when it begins to rise again. I will explain exactly what I mean about a value proposition on Friday Live today.

Happy Chinese New Year to all our Chinese Ltg Goldrock members!

About the Author: Andrew Barnett

Andrew is a professional trader and successful investor who has a strong focus on education. He is a regular Sky News Money Channel Guest and one of Australia’s most awarded and respected financial experts and is regularly contacted by the Australian Media for the latest on what is happening with the Australian Dollar. Director at LTG GoldRock, Andrew Barnett, guides thousands of traders around the world in the live market on a daily basis, advising them on buy and sell directions, as well as trading his own personal account. Andrew, a regular keynote speaker at trading and wealth-creation events throughout the Asia Pacific region, is an authorized representative registered with the Australian Securities and Investment Commission (ASIC).

If you would like to speak to one of our Senior Client Advisors regarding the relative client opportunities offered at LTG GoldRock and how you can follow along with our Professional traders each day in our live trading room please contact us today or you can register for one of our a live coaching and trading webinars by clicking here.

The post Today’s Key Market Drivers: 16th February 2018 appeared first on LTG GoldRock.