Hello all.
I am a new trader, i have been interested and wanting to try start trade/understand for a while. Only now i have come around to really commit myself to it.
I am currently going through pipshcool, trading in demo and trying out real servers with really small ammounts.
I have noticed that the USD is reversing these last weeks after a long bullish trend. I guess situation i europe is stabilizing? Or the long term outlook still hawkish for USD?
Anyway, just wanted to say hello and maybe ask if you have some good tips, links, strategies or guides for beginners.
Cheers!
[QUOTE=“ArneMath;695106”]Hello all. I am a new trader, i have been interested and wanting to try start trade/understand for a while. Only now i have come around to really commit myself to it. I am currently going through pipshcool, trading in demo and trying out real servers with really small ammounts. I have noticed that the USD is reversing these last weeks after a long bullish trend. I guess situation i europe is stabilizing? Or the long term outlook still hawkish for USD? Anyway, just wanted to say hello and maybe ask if you have some good tips, links, strategies or guides for beginners. Cheers![/QUOTE] hi Arne! Welcome to the forex community. I guess it was impact because Europe start boycotting Greece and too many bad news took place in Europe. It just my point of view. (:
Hello and welcome to our forex community! Glad to know you’re learning in our School of Pipsology and practicing your skills on demo.
For now it looks like the weak US data (jobs, retail sales, IMF downgrade, building permits and housing starts) are weighing on the dollar and causing traders to reduce their bets that the Fed might hike rates sometime this year - something that has been supporting the dollar in the past few months. In my opinion, this hasn’t been enough to spark a long-term reversal yet, although another month’s worth of bleak US data might just do the trick.
What do you think?
Thanks for the welcome!
I have also noticed that US shale gas production has reduced due to low oil prices, I think this also effects the economy.
However there are still many uncertainties in Europe, and many events in the coming weeks/months. This may give some good opportunities.