Hi guys, if I want to look at pre market data before the NY open, I will go to CNBC and go to the pre-markets tab. I will then look at the data for the Dow, S&P and NASDAQ. If these are showing as ‘down’ I would assume the dollar is weak going into the NY open therefore for example, GBPUSD would start to trade with some bullish momentum. Am I using and reading this pre-market data correctly. TIA
Hi,
That’s one way to look at it, but don’t forget to pair it up with other analysis like technical levels and COT, as well as other news later in the week that could affect the currency movement.
We are all speculating.
Good luck! 