BULLISH On STEPN

This pair has continued to devalue the Pound in recent weeks, and in doing so has brought about renewed concern for many long positions. It certainly seemed as if this pair has reached a plateau, but given that a lot of different positions have begun to be closed there is new chance for serious movement. The old low would still be a good psychological “floor” to count on if things get out of hand, but at this point it is clear that this pair is living up to its unstable reputation.

In light of what has happened recently between the JPY and the GBP it should come as a surprise to no one that the currency is still performing well. Make no mistake about it, the Japanese Yen is something that will continue to perform well in the near future. Japan’s GDP and their impressive overall base of production is too impressive to be ignored, and while their economy is having problems overall the JPY should still flourish on Forex.

In a surprise move Republicans have decided to push forward with unemployment benefits and tax cuts that relieve pressure on nearly half the country. This is welcomed news by the American middle class who is still suffering an incredible amount of stress as a result of the bad economy. The US dollar has been rising due to gold and the US stock market falling, but how long is this going to really last?

With some forex brokers offering up to 500: 1 leverage it is little wonder why “How much forex leverage?” is a common question especially among new (and seasoned) forex traders. Most traders realize that leverage is a double-edged sword, magnifying profits as well as losses.

There are indeed consistent GBP/USD seasonality patterns, and we can see these patterns by looking at the following seasonal chart of Pound futures. These seasonal tendencies can be used find opportune times to trade the GBP/USD forex pair (or Pound futures).