FOREX TRADING MARKET.

FOREX TRADING MARKET:HOW TO PROFITS WITH EUR/USD PAIR. The fact is that if you as a forex trader buy the pair,you are betting that the euro will increase in value versus the USD and if you sell EUR/USD,then you are saying USD would increase in value to EUR. To profit from this pair,you must take the advantage of what moves EUR/USD. WHAT MOVES EUR/USD? 1.Surprises in US economic releases:This pair would move when results comes as a surprise,especially indicators that measure growth or recovery in the US.Thuis uncomplementary news on US economic growth favors the euro. 2.Interest rates:If Fed raises interest,it boosted the value of the dollar.This is because money would flow into the US as investors move to capitalise on these higher returns. 3.Oil prices:Since the US economy is highly dependent on imported oil,movements in the price of oil tends to impact the value of the dollar. 4.Trade:More imports to exports has tghe power to reduce the value opf the dollar in the long run because the market is very concerned with theb trade balance in the US.Changes means a shift in the value of the US dollar. In all watch the Us economic data closely and take good advantage of uncertainty about US economic recovery.In the absence of a trend,go for range trading strategies.