GBPUSD fell sharply, and EURUSD spiked but remained a similar price.
So can anyone explain what happened? Was the news a good result or bad? Why did EU/GU react the way they did? Any thoughts?
Ignored
Its due to economics news. The GBP was on its way up but when bad news came things quickly revers. I close my GBP/Jpy trades a couples of hours before the News and still managed to make profits. Always be aware of the News.
EG is in consolidation mode. especially this time of night, no volume. (only hawks and owls watching for breaking news). GU fell sharply? like couple pips?
this is the bottom line ... "is further evidence that the Fed is likely to err on the side of caution in terms of when they raise rates" ... same old story since Yellen took over ... stuck record ...even these guys know
Low Impact
Breaking
