The S&P 500 initially pulled back on Monday, but we continue to see the markets attempt to break above the 7,000 level. This is a market that eventually goes higher from what I can see.
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About Christopher Lewis
Christopher Lewis is a Columbus, OH-based Forex trader who enjoys trading a wide range of pairs from the traditional EUR/USD to more exotic USD/RUB, and many things in between. Unlike many Forex traders who prefer to trade in a specific market session, Christopher takes advantage of the flexibility provided by the currency markets, and he trades in all sessions, most often when he’s taking a study break from pursuing degrees in both finance and computer science.
Mr. Lewis most often trades on the daily or weekly chart, rather than on a shorter time frame, making his market outlooks suitable for traders in all time zones. In addition to multiple daily analyses, he has been providing DailyForex.com traders with regular video analyses for several years. He also contributes weekly Forex forecasts, monthly outlooks and even yearly forecasts, all of which are all highly valued by his loyal following. Christopher has tested dozens of Forex trading platforms during his years as a trader, though he now uses GFT’s 360 DealBook when placing personal trades.
In late 2014 Mr. Lewis began contributing signals to ForexSignalz.com, where he collaborates with DailyForex’s chief trader, Adam Lemon, to provide additional signals to serious traders directly to their mobile phones. Mr. Lewis’s signals, although not overly aggressive, are largely based upon his own personal trades and trading strategies that he has cultivated over many years, making them suitable for traders at all levels and for traders using a range of trading platforms.
When he’s not studying, trading or chasing after his two young children, Christopher manages to find time to operate his own Forex website, aptly called The Trader Guy.
Latest 12 Articles
The silver market has jumped above the 50-day EMA on Monday, as traders continue to look at this market overall. That being said, this is a market that is also trying to heal from a horrific selloff.
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Gold continues to show signs of strength on Monday with the US dollar falling, and the overall outlook for central bank rate cuts, especially in the USA.
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The Euro rallied a bit during the early hours on Monday as the markets continue to bet on rates dropping in the USA.
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The light sweet crude oil market has been bullish again on Monday, as the markets continue to see an attempt to break higher overall.
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The NASDAQ 100 continues to see somewhat bullish behavior, but we also are seeing a bit of a struggle, as if we are “walking uphill” at the moment. Sluggish, yet bullish I believe is the best description of things.
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US dollar plunged against the Canadian dollar again on Monday as we continue to see traders betting on the Federal Reserve being dovish, and oil perks up slightly.
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The US dollar plunged against the Japanese yen during the trading session on Monday, and it looks like we will be trying to find value on a dip yet again.
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The Australian dollar has rallied rather significantly on Monday, as we continue to see a lot of buying pressure. That being said, this is a market that has opposing central banks as far as rate outlooks, so this makes sense.
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The US dollar initially broke higher during the trading session on Friday, breaking above the 17.5 level, only to turn around yet again, at the same important level it has all week.
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The interest rate differential continues to be a mainstay of this pair, as we are levitating into the weekend, looking bullish overall.
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The Australian dollar rallied a bit in the early hours of Friday, as the Aussie looks to rally into the weekend. The range continues to be well-defined, with the 0.79 level and the 0.81 level both offering important barriers.
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