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Day: March 28, 2016
March 282016
EUR/USD Ends Six -Day Decline
EUR/USD rose on Monday after six sessions of decline. Some analysts explain the change of movement by disappointing economic data from the United States, but in truth reports were not particularly bad, especially the one concerning the housing market. Personal income and spending rose in February. Personal income rose 0.2% compared to the forecast 0.1%. Personal income rose 0.1% versus the predicted 0.2%. The January’s figures were 0.5% and 0.1% respectively. […]
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March 282016
Having Trouble Pulling the Trigger on Forex Trades?
Overtrading is a well-known evil in the world of Forex trading. Its malicious twin — lack of confidence — is less famous, perhaps, because it does not lead to direct losses, but it can definitely cost traders a lot of money. Contents 1 Reasons 2 Consequences 3 What to do? 4 Your experience Reasons Being trigger-shy prevents a trader from entering trades — the execution of the strategy breaks down and the edge […]
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March 282016
Sterling Shows Resilience in the Face of Brexit
UK pound is mostly higher today, gaining ground against its currency trading counterparts. Even though there are concerns about and exit from the European Union (called the Brexit), sterling is showing signs of life as US stocks gain ground. European markets are closed today for Easter Monday, so training is somewhat thin. Sterling is doing pretty well today against its major […]
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March 282016
Euro Gets a Boost on Soft US Data
Euro is a little higher today, thanks in part to soft US data. Trading is a little thin today because of the Easter Monday holiday in Europe. European markets are closed today because of the Easter Monday holiday, but Forex trading is still happening. Today, the euro is getting a little bit of a boost as US data comes in a little softer than expected. Consumer spending in the United States only rose […]
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