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Euro rate remains static with little data to feed off – Fed interest rate decision and GDP to also have an impact? (Daniel Wright)
The Euro has remained fairly stable in trading today with very little in terms of economic data out today and indeed for the next few days.
We do have a lot of data out from America in the coming days, most notably the Federal Reserve Interest rate decision and GDP (Growth figures) tomorrow and Thursday respectively.
Although you may think that U.S data releases may not impact the value of the Euro the fact that the EUR/USD currency pairing is the most traded currency pairing you can see quite a shift in the value of the Euro should the Dollar fall in or out of fashion.
Tomorrow and the interest rate decision from the Federal Reserve may not lead to an interest rate change, but if we do see one then we may see an extremely volatile Euro exchange rate overnight tomorrow night.
There are ways of ensuring that you take advantage of such big shifts in the market outside of trading hours, one being a limit order.
A limit order is a free and handy market tool where you can place an order to buy currency at a specified rate of exchange and should the market spike in your favour at any point 24 hours a day, 7 days a week then your currency is bought out automatically for you and depending on the time difference we would then call you to give you the good news.
As long as the order has not gone through you can cancel or amend it at any time so you are not stuck with it forever if the market just does not get where you need it to be be.
If you would like to discuss limit orders in more detail or you simply have an exchange involving buying or selling Euros at top market prices then it would make sense to get in contact with me personally. You can email me (Daniel Wright) directly on [email protected] with a brief description of your requirement and a contact number and I will ensure I contact you personally.
Source: http://www.eurorateforecast.com/2015/10/27/euro-rate-remains-static-with-little-data-to-feed-off-fed-interest-rate-decision-and-gdp-to-also-have-an-impact-daniel-wright/
They definitely had effect but luckily I was on right side to make profits, I am trading with OctaFX broker where I am able to get all these news and updates pretty quickly and given the kind of accuracy level that’s on display, it really makes thing better and allows me to get success, so that’s why I like it so much more and it always leads to high level of benefits for me to allow me to be successful without any major difficulty at all.