Central Bankers' Statements and Currency Prices
Political statements can have a significant impact on the currency market, and traders must be attentive to the market fluctuations that they entail.By following market analysis and an economic calendar, traders can detect potentials trading opportunities or risks. Let us look at some examples of how being attentive to the effect of statements on the markets could potentially make or break a trading plan.
Example 1: The Influence of the Fed’s Statement on EURUSD, October 29th, 2014
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