Forex Trading Basics

Forex Trading Basics

From everyone here at Currency News Trading, we wish you a wonderful Christmas and Happy New Forex Trading Basics. Due to the market condition, the next couple of weeks we will not be trading the news.

Because this is the first quarterly release for the 4th quarter of 2017, we are likely to see huge market reactions today, especially if we get at least 0. CA Core CPI is a high impact release for CAD although it’s usually not very tradable unless we get a huge deviation. Since we do have the first GDP release out of U. I’d recommend paying close attention to both releases before taking a trade. GDP release for the Q4 of 2017 period, and since it is the first release for the quarter it is also the most likely to surprise the market, thus adding more volatility if we were to get a surprise.

USDCAD pair to a new low, breaking the support below 1. 8:30 am CA Core Retail Sales Forecast 0. ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45 am then followed with a press conference at 8:30 am. The market is not expecting any changes today but since last rate decision the EURUSD pair moved from 1.