Hirose News|July 28, 2014 9:00 AM

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.


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