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

In trading, always look ahead 
You see a great news story and price is in a great technical place. You buy your instrument and then, 20 minutes later you see that you were stopped out on a large spike. 

Monetary Policy Decision – 17 Sep 2020 
 
GBPUSD falls to $1.2909 down -0.4% vs USD after Bank of England statement and dovish shift from BoE as talking more openly about negative rates. Out of the toolbox and now weighing up how to use it. GBP sells on the development. 

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. 

EU and UK deal makers and breakers
Barnier out on the wires earlier on a ‚glimmer of hope‘ regarding fisheries earlier in the session, but ’not yet there‘.

Via ING
Here is handy little crib sheet from ING on the key Brexit dates ahead
Next date in focus is the special EU Council meeting on September 25. Bearish pressure mounts for the GBP.

Fishing is contentious 
The UK exports the majority of its fish. The EU fishing communities rely on access to UK waters. Expect tough negotiations over fisheries. UK gunning for Norway/EU style deal. 

Mortgage Bankers Association w/e Sep 11
With uncertainty abounding less mortgage applications despite the low interest rates.

16 September 2020
Other markets
– FTSE -0.20%
– Euro Stoxx -0.06%
– Dax -0.03%
– CAC -0.02%
– Gold +0.49%
– US oil +2.12% 
The session started with a positive risk sentiment that saw the USD weaker across the major currencies. That accelerated around mid-morning and risk appetite was positive and US futures were positive on the session alongside European cash markets.

Leverage can be a killer
The use of leverage is almost certainly the most important aspect of risk management. In turn proper risk management is the top priority for all traders. Or at least it ought to be.