Greg is a Currency Analyst and Director of Client Education at ForexLive.
Greg was the chief currency and trading analyst at FXDD for 13 years. His career prior to that included six years at Citibank NY, where he was an assistant vice president and trader in the treasury/funding area; four years as vice president and interest rate derivatives trader at Citibank London; five years at Credit Suisse First Boston NY as a vice president and trader in the banks funding department; and two years with Tradition NA, where he helped spearhead technology projects for the global interbank brokerage firm.
Michalowski is author of "Attacking Currency Trends" one of the highest rated forex trading books on Amazon.com (4.7 out of 5 stars).
Greg is a Currency Analyst and Director of Client Education at ForexLive.
Greg was the chief currency and trading analyst at FXDD for 13 years. His career prior to that included six years at Citibank NY, where he was an assistant vice president and trader in the treasury/funding area; four years as vice president and interest rate derivatives trader at Citibank London; five years at Credit Suisse First Boston NY as a vice president and trader in the banks funding department; and two years with Tradition NA, where he helped spearhead technology projects for the global interbank brokerage firm.
Michalowski is author of "Attacking Currency Trends" one of the highest rated forex trading books on Amazon.com (4.7 out of 5 stars).
Greg is a Currency Analyst and Director of Client Education at ForexLive.
Greg was the chief currency and trading analyst at FXDD for 13 years. His career prior to that included six years at Citibank NY, where he was an assistant vice president and trader in the treasury/funding area; four years as vice president and interest rate derivatives trader at Citibank London; five years at Credit Suisse First Boston NY as a vice president and trader in the banks funding department; and two years with Tradition NA, where he helped spearhead technology projects for the global interbank brokerage firm.
Michalowski is author of "Attacking Currency Trends" one of the highest rated forex trading books on Amazon.com (4.7 out of 5 stars).
A strong September payroll report reduces uncertainty for the November Fed meeting, with a 99% chance of a 25 basis point cut. Potential for 50 basis point cut has dropped significantly.
The 38.2% is close support/risk going into the new trading week. The 50%, 200 day MA and the 100 day MA between 150.757 and 151.599 are upside targets.
The 61.8% retracement at 1.0944 and a swing area between 1.0942 and 1.0949 will be a key bias defining level for next week's traders. Move below is more bearish.
