Trading currency crosses opens a whole new side of the currency markets, as different crosses possess different qualities that can suit any style of trading. Some crosses move fast and are extremely volatile with daily ranges that may exceed over 100 pips. While other crosses move relatively slow and exhibit low volatility, which is more suited for novice traders.
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Its the end of the US trading session and it looks like risk aversion continues as the Yen and the Swissy rally. I'd like to close the positions at market (1.6530) to lock in profits ahead of the abundance of news events we're about to head into. So, we take a small profit of… More…
Hello Everyone! We have a nice technical setup on EUR/GBP, which looks like it's ready to continue the trend lower. Fundamentally, interest rates are expected to hike further in both the UK and the Eurozone as inflation remains a concern to both regions, but we will probably see … More…
It looks like we may have been a little bit premature in our entry on this pair. After our first entry, the pair dropped on carry trade liquidation as equity markets, starting in China sold off leading to risk aversion by market players. This move triggered our… More…
We had a total of four trades last month, all winning for a total of +105 pips. Not bad. Looking forward to a great month in June!… More…
