The difference between success and failure in Forex trading will likely depend upon the currency pairs you choose to trade each week. While some traders tend to stick to certain pairs I prefer to do a complete breakdown on the weekly and assess from there. Once I have chosen my 3-5 pairs for the week given the weekly analysis I will stick to those pairs. I take into consideration the fundamentals, sentiment and technical positions in order to determine which currency pairs are most likely to produce the most profitable trading opportunities over the coming week.
This week will probably be highlighted by the central bank input concerning Australia and New Zealand, as well as important British economic data as well as a possible beginning of conclusive cross-party co-operation over finalizing a Brexit deal.
U.S and China trade talks seem to be a bumpy ride with Trump now wanting to raise rates again which threw the markets into turmoil through the Monday sessions.
Now you might be wondering why I have sped the video up and added music and that’s because I had a busy day with calls and the kids running around like headless chickens but also because every Sunday we do out weekly market breakdown without trading team and then on a Wednesday we have a mid-week recap and education night. If you would like to get involved in that you can email on email@example.com or contact me via my social media pages.
With that being said I hope you enjoyed the song. I do think it is pretty hot tune do you not think?
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Trade smart and safe.
The Bank of England
The Bank of England is the central bank of the United Kingdom. It was established in 1694 and was privately owned in the beginning, the Bank was nationalized in 1946 so now is completely owned by the UK government. BOE’s main reason to be is to maintain monetary and financial stability in the country. Some of its other tasks are producing secure bank notes, operating asset purchase facility and keeping the inflation low and stable.BOE Official Website, on Twitter and Facebook
The European Central Bank (ECB)
The European Central Bank (ECB) is the central bank empowered to manage monetary policy for the Eurozone and maintain price stability so that the euro’s purchasing power is not eroded by inflation. The ECB aims to ensure that the year-on-year increase in consumer prices is less than, but close to 2% over the medium term. Another of its tasks is the one of controlling the money supply. The European Central Bank’s work is organized via the following decision-making bodies: the Executive Board, the Governing Council, and the General Council. Mario Draghi, a member of the Executive Board, is also the President of this organism.
The Federal Reserve Bank (Fed)
The Federal Reserve System (Fed) which is the central banking system of the United States. Fed has two main targets: to keep unemployment rate to their lowest possible levels and inflation around 2%. The Federal Reserve System’s structure is composed of the presidentially appointed Board of Governors, partially presidentially appointed Federal Open Market Committee (FOMC). The FOMC organizes 8 meetings in a year and reviews economic and financial conditions. Also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.