Forex Trading Mind

Its funny how Albert Einstein is widely considered to be a paragon of moral wisdom, just because he discovered the theory of relativity and turned Newtonian physics on his head.

In February 2018, I wrote a piece highlighting the relative performances of the FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google).

If a Brexit deal on any reasonably foreseeable terms was agreed by the European Union and passed the British Parliament, the British Pound would almost certainly strengthen considerably.

The markets, at least so far, are not doing much today – there is little movement, and this is probably because the U.S. FOMC Statement and Federal Funds Rate are due for release in a few hours. I

Last Thursday most of us in the U.S. stock market were rocked by the large daily falls which took place last Wednesday and Thursday.

I wrote a little last Thursday about how most Forex traders won’t consider trading the higher time frames.

The British Pound firmed last week on comments from the European Union’s chief negotiator to the effect that the E.U. would be more amenable to making a unique deal with the U.K. which made the market see a “no deal” Brexit as less likely.

Yesterday’s release of the minutes of last month’s meeting of the FOMC indicated the near-certainty of a 0.25% rate hike next month but seemed to hit a minor note of caution over a further anticipated hike in December.