The pound slipped against the dollar as concern that the pace of Chinese expansion may slow drove stock markets lower, curbing demand for assets perceived to be riskier. Pound also fell against the yen.
Michael Derks, chief strategist in London at FXPro Financial Services Ltd., a foreign-exchange trader said: “There’s a bit of risk aversion going on given negative news in the past 24 hours, and some investors are switching to safe currencies.”
The pound declined 0.2 percent to $1.5080. One pound bought 133.37 yen, 1.21 percent fewer than yesterday. Pound appreciated to less than 81 pence per euro.
Looks like you’re about to cross from the euro to the pound so I thought to ask now?
How does these pieces of news relate to real-time forex trading or backtesting? What is your source, how do i tell it apart from other noise? Don’t you think that the market price discounts/takes into factor all aspects of the market including news and the reaction to those news, thus a trader ought to concentrate on price coz thats where the money is - on the charts!
The other day I’m in the background visiting some noob profile page and I come across you and your crew doing some x-treme marketing to that kid & I didnt like that: are you a trader, hawker or jus Wallstr. paparazzi?
To prevent any misleading notions from arising following your posts/threads, I take it upon myself to help you sieve through it, to tell the beans from the maize, so as to chew on the maize longer, you know? It will be much milder than debunking, hope you bear with my bull.