Last Sunday I outlined the Forex currency pairs and commodities I was looking to trade this week. They were:
I’m feeling a little bored with the news today, there doesn’t seem to be a lot of stuff worth talking about, so I’ll talk about some details of interesting markets right now.
Yesterday’s FOMC Meeting Minutes took a dovish tone, sending the U.S Dollar almost universally lower over recent hours in open trading markets.
Have a look at the monthly chart below showing the U.S. Dollar against the Turkish Lira. You could use any currency as the counterpart to the Lira, you would see the same thing
There has been a lot of speculation over recent hours on the issue of whether the U.K. will remain in the European Union’s Customs Union even after Brexit,
At the start of this week I identified an opportunity to go long against the Swedish Krona, using four potential currencies as long counterparts.
About three weeks ago I identified a trading opportunity in the GBP/SEK currency cross which played out to end as a profitable trade.
After a relatively news-free start to the week, the Forex market has seen two key news releases today which have had notable impacts upon prices.