Tomorrow is the release of the Interest rates from the UK and Europe.
UK interest rates are expected to stay the same but with the UK economy recovering well, it’s possible that rates could be increased in the near future. If rates stay the same look for possible hints of a future rate hike.
On the other hand, the European economy is suffering at the moment, interests rates will most likely be cut which could see a shorting of the Euro.
On Friday the NFP will be released and I’m sure every trader will be anxious for its release.
Whether you trade news reports or stay away from them, I wish you all the best, stick to your plan don’t get carried away, and you can learn so much from a loss (just remember to cut them short) so don’t get disheartened if you don’t do so well.
Read the article below for one of my news trading strategies.