Sterling attempts to rally after BoE rate decisions but failed to sustain gain. On the other hand, Yen is quietly stealing the show on...
Consumer Price Index, CPI for short is a measure of the change in the weighted average of prices from a basket of consumer goods and services considered essential. CPI is calculated by tracking the price changes for each of the items in the basket of goods and weighted in importance.
Personal accountability is a valuable trait to have in a forex trading journey. It encourages traders to focus on experiential learning and quality performance to reach target goals. No matter what the market movement is, an accountable trader will take charge of how trades are achieved. Instead of placing blame on things like the forex market or economies, a trader with personal accountability will immediately accept every outcome and efficiently learn from it.
Traders who are just beginning to get a handle on how the markets move, focus on the range pattern; one of the most popular price patterns in technical analysis. In a range, the price bounces from a lower horizontal line (support) and rebounds back down from an upper horizontal line (resistance). This creates a sideways or "trend-less" price movement, which is very appealing even for advanced traders, because when a trader looks at the range in hindsight or on paper, it looks like a very easy way to make money.