Thought for the day – Don’t ignore market sentiment 0 (0)

What’s the market mood?
Sentiment analysis is simply understanding the current mood of the market.  
The market, like a person, is subject to different moods. Correctly reading the market’s mood is crucial in making profit. Now, if you misread a person’s mood you may end up accidentally feeling the effect of a person’s bad mood 

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Forexlive European FX News 18 Sep – NZD leads the pack on Finance Minister interview 0 (0)

NZD leads the way 
Other markets
– FTSE -0.16%
– Euro Stoxx +0.08%
– Dax +0.35%
– CAC -0.22%
– Gold +0.42%
– US oil +0.27%
The session started with USD weakness helping push the major pairs up. The day promised potential volatility with quadruple witching in play, but that was illusory.   

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Forexlive European FX News 17 Sep – Bank of England Bangs Pound lower 0 (0)

Look out below, GBP sinks on BoE decision
Other markets
– FTSE -0.42%
– Dax -0.72%
– Gold -0.59%
– US oil +0.05%
The session started with USD strength dominating the price action post FOMC. Whereas not overly bullish, the Fed was not as bearish as the market was hoping for and there were no updates on any QE tweaks which

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Top tip – Use the market wrap to find currency pairs to trade 0 (0)

Insight
When you are reading an end of FX session wrap you need to hone in on the most significant market events. Was there some key market moving data released in the previous session? Look to pair weak currencies against strong currencies to increase your chances of currency trading. 

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