Currency Markets Calm Ahead Of NFP Report
The latest U.S. gross domestic product (GDP) report was a much larger pill to swallow than expected, the Fed announcement was anti- climactic, the Kiwis surprised by being less hawkish and now we find out that Europe’s backbone, Germany, is not on ‘sure’ footing. You have just bore witness to the life of a foreign exchange (forex) trader. The toil for all their efforts was to see the ‘single currency’ (the euro is the most popular currency by choice to trade) cower within a 25-pip range (1 pip = 0.0001 EUR).
The latest U.S. gross domestic product (GDP) report was a much larger pill to swallow than expected, the Fed announcement was anti- climactic, the Kiwis surprised by being less hawkish and now we find out that Europe’s backbone, Germany, is not on ‘sure’ footing. You have just bore witness to the life of a foreign exchange (forex) trader. The toil for all their efforts was to see the ‘single currency’ (the euro is the most popular currency by choice to trade) cower within a 25-pip range (1 pip = 0.0001 EUR).
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