Using an ETF to confirm futures price action

Whilst the main news item of the day was the ECB rate statement and associated conference, the significance of this was not lost on US markets which continue to remain weak as the war of words continues between the US and China on trade sanctions. The doveish comments of Draghi coupled with the very weak economic picture was enough to drive the euro lower and with momentum, with this negative picture then crossing the pond to be reflected in US markets.

Once again we had some great volume price analysis lessons for index traders, whilst also considering the ETF as a mechanism to provide an alternative view. Using an inverse ETF provides the mirror image view of volume price analysis which really does provide a different perspective from the other end of the telescope!

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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