This might sound like a strange or tricky topic. It really isn’t! It is something you are probably already doing as a trader, without even being aware of it.
I have always wondered why banks and other financial institutions make their very highly paid staff issue reasoned, well-argued forecasts as to where a particular exchange rate will be at, say, 12 months in the future.
I have written
A little over a week ago,
Most traders should be familiar with the following scenario: you’re waiting for a trade to set up and finally there it is, what seems to be a good entry presenting itself. Before you go ahead and make the trade, you suddenly realize (you should realize!) there is a high-impact data release due within, say, half an hour. In other words, close enough to the present moment to be a major cloud on the horizon.
The market has been quiet so far today, and news is a little thin, so I want to write about the trade I took for my own account yesterday as it illustrates some
As New York was getting ready to open today into a relatively quiet Monday’s market, the GBP / USD currency pair, one of the world’s major Forex currency pairs, rose by almost 100 pips in value in a matter of seconds. That equates to about 0.80%.
There have been some interesting developments in the U.K. on the Brexit front.