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Pound Sterling dropped versus the dollar after the Bank of England decided to leave the benchmark interest rates unchanged at record lows of 0.25 percent, following its monetary policy meeting on August 2^nd 2017.

Before taking a look at some of the common mistakes committed by FX traders, a quick summary of the FX markets-

Manufacturing PMI in the US rose to more than 2 year highs in June on the back of rise in employment, new orders and production. The monthly data released by ISM came in at a better than expected 57.8 from 54.9 in May. However, the index measuring inventories slipped to a 3- month low.

Every trader has a unique trading style and preference when it comes to analysing charts. However, it can be quite perplexing when it comes to choosing charting softwares, with the likely exception being FX traders.

When the Bretton Woods Agreement collapsed in 1971- 1973, gold was pegged at around $35- 40 a troy ounce to the greenback. Since then, the precious metal has risen close to 3500 percent in 45 years.

Mid- way through 2017 and phew... have we come a long way in a year filled with drama, suspense and major, major surprises in the global economic and political arena!!

The Indian Market Regulator, SEBI, has taken another step towards creating an efficient primary market and is considering scaling down the IPO listing time to four days from the existing six days.

Most of us are aware that forex trading is de- centralized and traded over the counter using a large network of computers and telephone lines.

Our trading systems are quant- based applications currently presented for Nifty futures.

Not happy with the performance of your chart analysis! You could find some of the answers here....