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 above 1.19 after dipping below that number in response to the US Nonfarm Payrolls, which showed an increase of 379K jobs in February. Higher yields in response to Powell are keeping the dollar bid.
WTI has topped $66.00 for the first time since April 2019. The commodity continues to benefit in the afterglow of Thursday’s bullish OPEC+ outcome. But the demand outlook also continues to strengthen, adding further upward pressure to prices.