As with any new skill, there are pitfalls to avoid on the road to mastery. In this session we address some of the common mistakes Forex traders make and offer suggestions to bypass these expensive learning lessons.
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.