Forex trading is one of the most exciting and liquid asset classes to trade. In this session we break down the benefits and risks of trading forex based on several factors, including: Leverage, Liquidity, Selection, Fees, Trading Times and Volatility.
EUR/USD is trading closer to 1.10 after the Fed cut rates but signaled no further rate reductions. The bank acknowledged the strong labor market and robust consumption. However, it is worried about investment.
Gold prices have dropped on the Federal Reserve decision whereby no real assurance of more cuts down the line were presented. However, the door has been left open which limits the downside potential in this move.