Forex Autotrading

HF Social

Receive New Content In Your E-mail

Trading Signals

Free binary options signals-24Option

The pound (GBP) again damaged by a dismal PMI data

Along with the poor retail sales data on Thursday, now we have the extremely poor PMI data published on Friday 22 from the UK during European morning hours. These data reflect a slowing of economic activity in the country as both the manufacturing index and the service sector index fell below the level 50 which is the equilibrium level of these indicators. The manufacturing index has come out with a value of 49.1 while the value of the service sector has been 47.4, well

Continue reading The pound (GBP) again damaged by a dismal PMI data

Effects of macroeconomic events in the Forex Market

The traders that trades in the Forex market in the short term focus mainly on the most important economic news of the week and how they can affect the prices of different currency pairs in the market. This can work well for many traders, however it is also important to take into account the most important economic events worldwide. The reason is that large-scale macroeconomic events usually generate significant movements in markets. The effect results in a change

Continue reading Effects of macroeconomic events in the Forex Market