Archive for 'Forex News'
Probably the last decent week to trade
This will be probably be the last decent week to trade Forex until the end of the year.
Usually the Christmas and the new Year weeks don’t have much volume or volatility, so you can take this time to take a well deserved vacations.
The most important economic indicators of the week will be released this Tuesday.
The [...]
Non-farm Payrolls fall the most since 1974
Non-farm payrolls fall the most since 1974 and the unemployment rate is a a new 15 years high.
These announcements simply confirm something everyone knows: we’re on a recession and the future of the worldwide economies remains in risk.
The EUR/USD started by raising, then following and remains on the sidelines.
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Full StoryBank of Englad Cuts Rates
The Bank of England cut their benchmark rate by 100 bps as expected.
The result was volatility on GBP/USD:
In this 15 minutes chart, we can see the GBP/USD lost 200 pips, but then reversed and is currently on a strong uptrend. The currency pair recovered all the intraday losses, and is currently near the high of [...]
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