Good Volatility in EURJPY as Italy worries continue!
Tensions between Italy and the European Union continue to escalate over 2019 budget concerns. These tensions have caused good volatility in the stock and Forex markets. Traders will continue to closely monitor the political situation in Italy. Italy is targeting a deficit of 2.4% of Gross Domestic Product (GDP) next year, and suggest they will commit to a drop to 2.1% in 2020 and 1.8% in 2021.
In this video I traded the Euro vs. the Japanese Yen (EURJPY). During market volatility caused by EU news Euro crosses will be good options to trade. To be able to trade these Forex pairs the way that I trade them though you must have a Forex squawk service and understand the impacts of economical events.
There are plenty of free Forex education courses out there, but most are a waste of time and will take you forever to get through all of the information. I have developed a in-depth Forex course the weeds through all of the BS and gets straight to the point on economical events that drive the market and how to trade those events.
Noice!