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Day: November 17, 2017
November 172017
Which Forex Pair Trends the Most
A successful currency trader needs a proven trading strategy. Many traders prefer strategies based on trends. Such strategies work best with currency pairs that trend well. Monitoring a predominantly range-bound currency pair (USD/KRW, for example) would yield little result, even with a solid trading strategy. The success of a trader depends on the list of currency pairs chosen for trading. The following study uses basic statistics to identify the Forex pairs […]
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November 172017
British Pound Declines Against US Dollar on Strong Housing Data
The British pound today declined against the US dollar after the release of positive US housing starts and building permits data. The GBP/USD currency pair reversed all its earlier gains made during the early European session after an initial decline triggered by uncertainties regarding the ongoing Brexit negotiations. The GBP/USD currency pair declined by over 90 points from its two-week high of 1.3260 to hit a daily low of 1.3169 during […]
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