Waiting for the Core PCE Price Index m/m i am planning on watching the dollar/GBP chart tick by tick and catching the momentum (whether it be up or down) as it happens. I would have the trade ready to open with my broker so it could be executed pretty much instantly, but would it be possible to catch the momemtum as it happens?
PS. Being new to forex (day trader by trade) could i assume that the impact of this data would have an effect on the dollar/GBP?
Many thanks
PS. Being new to forex (day trader by trade) could i assume that the impact of this data would have an effect on the dollar/GBP?
Many thanks