We don't need news in August
Forex Market

We don’t need news in August

By Maria Salnikova / 07.08.2020

In August 2020, traders focus on very specific events:

1️⃣ the US presidential election
2️⃣ China-America Relations
3️⃣ It’s the same virus

Using the usual tactic “news release = volatility” will not work, since the market is “busy” with other ideas. In general, everyone understands that statistics will deteriorate. As a com. So – priority for gold, yen, franc. It’s just generally a priority to buy them. Enter points and goals only with technical reasons.

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