Forex EUR/USD Daily Video, September 24, 2020

[Sive Morten]

Good morning,

EUR and GBP mostly stand at the same support area, gold moves slightly lower. Although we expect upside reaction on support as they are rather strong, odds suggest downside continuation next, we picture on stock markets looks bearish:

 

[soul rebel]

Greetings Sive
Thank you for your video updates.
My EUR/USD chart has already reached 11650 (I am using Forex Spot)
Would I be correct in assuming you use Forex Forward charts/prices. In which case are your charts always forward prices?
Kindly tell me the difference, and which one is recommended to trade.
Thanks
Viresh

 

[Sive Morten]

Greetings Sive
Thank you for your video updates.
My EUR/USD chart has already reached 11650 (I am using Forex Spot)
Would I be correct in assuming you use Forex Forward charts/prices. In which case are your charts always forward prices?
Kindly tell me the difference, and which one is recommended to trade.
Thanks
Viresh

Hi Viresh, well this is retail broker chart and it could be slightly different. It is not forward-priced, it is just how particular broker quotes the market. As you know FX market is not centralized and even among major banks could be some difference in quotes. Generally speaking it is better to rely on futures quotes and charts, such as on CME EUR/USD futures.