Swing trading techniques on a big news day
The debate as to which trading methodology to use has been raging for decades. The pure fundamental trader examines economic data, balance sheets, intermarket correlations, and political developments with a view to determining whether a market is correctly priced. So fundamental traders are deeply concerned with why a market is moving in a given direction.
The pure technical trader prefers to limit the inputs they look at to data derived mainly from the market price. The pure technician
More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
