Not Too Exciting Today, Is It? - Forex News by FX Leaders

Not Too Exciting Today, Is It?

Posted Wednesday, January 25, 2017 by
Skerdian Meta • 1 min read

Apart from the GBP pairs, the rest of the forex market has been pretty quiet so far today. 20-30 pips is the best we can get today and that´s a far cry from the sort of moves we have gotten used in recent times. 

The miss in the German Ifo business climate didn´t spark any volatility either. That shows how little the market cares about the economic data nowadays and I don´t blame it. The political future of the globe is at a crossroad and the uncertainty is immense. 

Still, we have to keep an eye out for the data because it can surprise you when you least expect it.

Hold on, the market is just moving as I speak. Yep, here goes a 20 pip pop in USD pairs. Our NZD/USD signal just hit the take profit target, so another 25 pips in the pocket. 

The 50 moving average on the H1 forex chart, which we mentioned on the previous update, did a good job keeping the sellers at check. Our forex account is 80 pips larger so far this week. Now let´s look for another trade. 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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