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Summary

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.

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EUR/USD retreats on the hawkish Fed cut

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.

EUR/USD News

USD/JPY pops 20 pips on the as expected Fed

USD/JPY is currently trading at 108.32 following the FOMC, travelling between 108.08 and 108.33 but is virtually flat on the day as the Fed lowered rats as expected by 25 basis points.

USD/JPY News

GBP/USD falls further away from 1.25 after the Fed

GBP/USD is trading further below 1.2500 after the Fed cut rates but signaled no fresh moves. The Brexit impasse and weak UK inflation figures weigh. 

GBP/USD News

Gold drops on strength in the Greenback following a dubious Fed rate cut

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.

Gold News

WTI flirts with lows near $58.00 ahead of EIA

The American benchmark for the sweet light crude oil is trading on the defensive on Wednesday around the $58.00 area per barrel.

Oil News

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