Sterling Surges and the FTSE Slumps Following Robust UK Inflation DataEuropean stock markets are mostly moving higher, with the FTSE 100 underperforming and heading south as higher than expected inflation data underpinned Sterling and sparked concerns of a hawkish shift at the BoE. Selling has been prompted by a fairly serious bout of risk-off, as yields head lower, and equities in the U.S.
posts its worst numbers of the year. The Fed raised the Fed funds rate by 25 basis points as expected and fully priced in. The markets sold off the possibility of steeper rate normalization. Before trading gold in Forex market you should have a strategy in mind to maximize profits and minimize the losses. Here are some Forex trading strategies that you can employ while trading in gold.
They are good for both beginners and expert investors alike and provide a solid foundation for developing an effective trading trading gold forex empire suited to your investment needs.1. Simple Balanced StrategyThis strategy looks at certain indicators to provide a strong basis for entry and exit points.