Today we will talk about risk-on sentiment and how to take it into account when analyzing Crude oil and USDMXN.
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * Asian FX lose ground as dollar claws back losses * Mexican peso swings wildly in volatile trade * Philippine shares gain the most By Shriya Ramakrishnan Nov 4 (Reuters) - Emerging Asian stocks scored small gains and currencies were broadly weaker as early projections of the U.S. presidential election hinted at a tighter race, sparking a bout of volatility across financial markets. U.S. President Donald Trump was narrowly leading Democratic rival Joe Biden in the vital battleground state of Florida, Edison Research said on Tuesday, while other competitive swing states that will help decide the election outcome, such as Georgia and North Carolina, remained up in the air.
In today’s trading video, I will show you the power of false breakout patterns. Today, they come from the Forex market and this is what we’ll focus on today.