…. and of course this pushes the pound lower immediately on the markets. This is the typeof market news where noone would know how to react and this is why most experienced forex traders advise to stay aside when such pieces of asteroids hit the news. The British pound declined and gilts (the British bonds issued by government) advanced amidst […]
Or (if you want) miss-correlations. As all of your guru traders will say, in the forex trading you learn for your lifetime. And when you think you saw them all, something comes and takes away all your confidence (and hopefully not your profits, especially when you have the risk management tools in place). What happened? I decided to test today […]
A simple search on this title over any search engine will show you the true power of the concept – there are 118,000 results only on Google. I don’t know if this because of the “Dummies” franchise or because of the number of traders willing to learn the ropes of the field. Certainly there is an incredibly high demand for […]
The pound rose against the euro, dollar and yen after Nationwide Building Society said the average cost of a home jumped 0.9 percent from February to 150,946 pounds All 13 economists in a Bloomberg News survey predicted a decline. “The pound is very sensitive to the fortunes of the domestic housing market,” said Neil Jones, working with Mizuho Corporate Bank […]
Interestingly enough, this week the sterling pound has dropped to its lowest level in 12 years against a broad basket of currencies amid a wave of weak economic performance indicators released. This GBP weakening kept alive a talk about a cut in interest rates by the Bank of England. Sterling’s trade weighted index hit 89,5, the lowest level since October […]
The dollar rose to a one-month high against the euro as the pace of job erosion in the U.S. slowed while a decline in German retail sales indicated economic weakness is spreading to other developed countries.