EUR/USD is trading below 1.1150 after US GDP beat expectations with 2.1% against 1.8% expected. The euro has been on the back foot after the ECB opened the door to more stimulus.
Japanese Yen :
On Tuesday, the Bank of Japan will have its policy meeting. Analysts at Wells Fargo expect the central bank to keep rates unchanged and they assume no major changes in the short-term.
Markets traded with an upbeat tone into the weekend with a rebound in North American equities. The U.S. benchmarks on Friday ended higher with both the S&P 500 and Nasdaq Composite indexes closing at new highs on the back of strong corporate earnings and better-than-expected growth figures in U.S. Advanced Gross Domestic Product.
My personal experience:
If you are looking to start trading, with a reputable broker. I personally have had a very good experience trading with Boston Merchant Financial Network...
They have a lot of diversity when it comes to financial instruments like FX, CFDs on shares and commodities; and they provide the MetaTrader 4 platform which was super convenient and user friendly with their guidance.
I felt like they offered pretty low spreads approximately around 1.4 pips and i used the leverage option of 200:1 but it goes all the way upto 400:1 unlike other brokers...
The best part was I didn't have to pay any brokerage or commissions only the spread, If i'm not wrong their minimum deposit was around $50 I began with $8500 to start with...
Hence I would advice all my trainer friends to give a shot at a forex online trading platform like BMFN......