In the latest edition of KVB PRIME Insights, we explore the benefits (and occasional disadvantages) of using stop losses and trailing stops when trading forex:
#forex#trading#riskmanagement#stoploss#trailingstop#markets
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$USDJPY dropped to three-week lows on Thursday, edging towards mid-108.00s amid declining bond yields as traders anticipate US March #retail sales data release later today.
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$EURUSD hit four-week highs on Wednesday, edging towards 1.1980 ahead of today's key speeches by #ECB President #Lagarde and US #Fed Chair #Powell.
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$USDCAD continued to climb on Tuesday, eyeing 1.2600 mark ahead of US #March#CPI data release.
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$USDJPY hit fresh session lows around 109.30 on Monday as a deteriorating risk sentiment (owing to the recent terrorist activities in #Iran) and sliding US bond #yields undermined the #USD.
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$NZDUSD refreshed daily lows early on Friday, trading around the 0.7000 round figure following a strong uptick in US #bond#yields.
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$EURUSD remained positive on Thursday, trading near 1.1880 ahead of #ECB's Accounts of March and expected comments on global economy from US #Fed Chair #Powell.
Keep up with the latest #forex news on the #KVBPRIME website: https://t.co/tDfDZWgbbE
Earlier today, the #UK Markit Construction PMI for March was released, revealing a 7.1pt increase from February. Although this indicates a strong positive change in the #construction sector, #GBPEUR continues its downtrend with the pair currently trading in the 1.15 zone.
$AUDUSD dropped from two-week tops on Wednesday, moving further below mid-0.7600s as US #vaccine rollout and investor optimism regarding the American economic #recovery boosted the #USD.
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Activity in the U.K.‘s service industries in March grew at the fastest pace since August as businesses prepared for the easing of Covid-19 restrictions https://t.co/Xp51stoF4l
$EURGBP jumped to one-week tops on Tuesday, moving closer to mid-0.8500s as renewed #vaccine optimism on the continent provided a boost for the #EUR.
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$USDCHF briefly touched its highest level since July on Thursday before retreating to around 0.9450 mark as traders await #April#manufacturing#PMI reports.
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$NZDUSD recovered from weekly lows on Wednesday, albeit remaining capped below 0.7000 round figure ahead of US President #Biden's #spending plan speech later in the day.
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$USDJPY enjoys fifth consecutive day of gains, hitting one-year tops beyond 110.00 round figure as rising #yields from US #bonds and economic optimism weighed on the #JPY.
Get the latest #forex news on the #KVBPRIME website: https://t.co/tDfDZWgbbE