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The pound may offer some tradable volatility tomorrow with the UK’s GDP numbers which are to be released. The Canadian dollar could also produce some decent movement.
Tomorrow we will hear from quite a few important speakers which include Janet Yellen and Mario Draghi. The FX market could do with some extra volatility.
Today was another slow day in the forex market. Ranging markets are difficult to trade, but one or two currency pairs hold some good potential. We could see some serious breakouts in FX soon.
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A trading journal highlights all your successes and your failures. By keeping a journal you can avoid repeating mistakes and increase you performance.
Hedging consists of going short and long on two positively correlating forex pairs. Man Group uses this forex strategy with great success.
The central banks shift interest rates to help the economy and inflation. But these moves have a great impact on the forex market and related currencies.