That is how "pips" are made and lost.
The Forex trader must have confidence in having a stream of buyers available for any positions he has. Those buyers are driven by the need for local currency, fear of a currency they have, greed for a "safer" currency.
Factorsd like the retirement age in Greece-which wouldn;t make any difference at all to bthe average American--become $$$ profit opportunities when major nations realize the model is not sustainable, and flee Greek currency, making the price Greece pays to get loans go up in real numbers, regardless of the "stated" interest rate.
For instance, if BP is forced to pay for the Gulf disaster, i mean really pay for the mess at that well, then it will be selling pounds sterling and buying $us, because it will have to pay the claims to Americans, who don't have any immediate use for euros or pounds sterling.
So regardless of the state of the British economy, there may be "pressure" put on the British pound.
The "sounds" and signals of a Forex trading system kick in when those clouds of problems turn into a rain of activity, which can also turn into Exile on Main Street
as the breach of Trust
has to be healed.
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