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Some announcements that may impact the markets this week
Big news for this week!
Below are some announcements that may impact the markets this week
Market News
EURUSD fell to new 8 month lows today, reaching 1.3420. Technically
it is looking bearish with the 20 SMA and RSI both heading south.
German business confidence also declined more than analysts had expected.
Generally the greenback has been doing somewhat better than its major peers.
Keep an eye out for the Fed's next policy meeting on 30th July.
Commentators are now expecting the greenback to gain momentum into September as
improved economic performance shits the balance of potential interest rate
hikes in the future.
HIROSE News
Quick recap on Lot Size
A
'Lot' refers to the size of the trade that you are entering into. The
smallest available Lot size on the Lion Trader and MT4 platform is 1,000 units
(or 1k). So if you are trading EURUSD it is 1000 Euros you are trading
against US dollars.
If you buy 1 lot (Lion trader) or 0.01 (MT4) of EURUSD you are Buying 1000
Euros and Selling USDollars.
Remember, the more lots you trade the more risk you are creating. A new
trader should understand the impact that trade size has on their equity.
Reducing risk is not necessarily done by reducing a stop level - it can be
achieved by reducing the number of lots traded.
★Deposit Bonus ends 31st July★
Please
note the Deposit Bonus Campaign finishes on the 31st July - so if you are
yet to take advantage of this great offer please go to: http://www.hiroseuk.com/cp/deposit_bonus/
Happy trading!
The
Hirose UK Team