Market Cycle Coaching: 5. Long-Term Trend (From Current Event)

July 10, 2012 by Kelvin Ching Leave a Comment

Long-Term Trend (From Current Event):

Trade the News Report:

Sterling was firmer against the majors with dealers attributing the strength to press comments from BOE’s Sentence.

The central banker commented that the BOE had done enough to stimulate the UK economy and prompted a string of GBP short-covering. The BOE’s member hinted towards a potential move to a neutral bias as its recovery gets underway.

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.