hi sorry guys if i have posted on the wrong page of the forum, but can someone please explain to e why was there a sudden spike for the gbp/usd, at 9.30am GMT(london). i have looked everywhere for an exaplation, i ve googled for it and also tried major forex news feed. the only thing i can think of is a big bounce of a support line, but i know this is not probably the case. i must be missing someting. is there any reliable rss feed website for live news that newbeeis like me can understand, how intrest rates and major polictal news can effect the forex market. im not asking someone to spoonfeed me,as i have tried to do my own research, but sometimes everything looks like googldy-goog to me. lol.
thank youy for your time.
i think it should have something to do with US treasury’s remarks in the senate while he was presenting the bailout plans for the members of the house.
that’s as far as i would/could understand. try to stay away from major announcement/news unless u know waht you’re getting into.
forexfactory.com would have one of the best news calendar, make sure you do your due diligence everytime u setup/enter a trade.
have fun.
thank you forthe reply