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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Good morning! My long orders at 132.00 were triggered, and it appears that was the major support area for the day as traders jumped in long around 131.50 - 132.00. The pair has been… More…
US Jobs data just came out and the US economy only lost 345K jobs (much less than forecast) and the unemployment rate came it at 9.4%. The markets took this as a sign that the recession is abating. There was a mixed reaction in… More…
