Trading Forex and CFDs is risky

Narrow ranges so far – Video Analysis

Market Analysis

Narrow ranges so far – EURUSD continued to narrowly orbit the 1.1800 level, consolidating above last Friday’s post-U.S. payrolls at 1.1728 and comfortably off last Wednesday’s 31-month peak at 1.1910. Yesterday, Fedspeak was mainly from the dovish camp from Bullard and Kashkari, which added softness to US dollar. Meanwhile elsewhere USDZAR will be in focus today after South Africa’s Parliament agreed a No-Confidence Secret Ballot Vote today for President Zuma.

 

Click here to access the HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

Stuart Cowell

Senior Market Analyst

HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.