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Today’s Key Market Drivers: 20th February 2018

“US Markets were closed on Monday for Presidents Day.”

Monday saw weak volumes across currency markets with the US enjoying a long weekend to celebrate Presidents Day. There was no high impacting economic data released and thus European markets struggled for any traction and closed down half a percent. That may give Asian traders something to digest today and I suspect the Asian trading session will be a little weak today with the lead they got from Europe. The only noteworthy news item for the Asian trading session is the release of the January RBA minutes. What traders will be looking for in the minutes is any forward guidance on what the RBA is talking about behind closed doors on inflation and their next interest rate adjustment. The minutes are due for release at 11.30am AEDT.

To be frank, with US markets closed on Monday there is no major theme for financial markets to grab onto. The US Fed minutes and a slew of UK economic data will help get things rolling so until then we are just going to have to sit on our hands and wait.

We do have an EUR v USD 1 hour TIA trade today so I encourage you to review today’s video update. The AUD v USD pending sell stop will adjust the entry this morning so please keep a close eye on your Trade Time app.

I am going to embrace the world of social media in 2018 and will be posting my general day to day thoughts and views on financial markets to help people dissect and understand them a little better. I will do my best to keep it light-hearted and informative. No specific Trade Time trade information will be posted on the listed Social Media channels, the content will be general education based and I hope you find it informative and a bit of fun. I expect to embarrass myself lots as social media is about lots of video content. Look out today for a quick video tour of LTG’s new cool office digs!

You don’t lose trading, you learn. A trader once said to me, “AB when you stop out you view it as a loan you have made to the market. If you are a disciplined trader and react appropriately you will get that little loan back with interest. If you are not disciplined then you won’t get it back and you don’t deserve to get it back if you screw around in this business.”

You don’t actually lose when you stop out. A stop out is a learning opportunity, it’s an overhead, the lesson that teaches how you could do it better next time.

*There is no Alex video update today he is moving house but back to normal Friday. So ignore my message in my personal video. Thanks, AB.

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: 20th February 2018 appeared first on Ltg Goldrock.



This post first appeared on LTG GoldRock Australia - Forex Trading Training Ed, please read the originial post: here

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Today’s Key Market Drivers: 20th February 2018

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