As the new FX week begins, it is often like the FX market has hit the reset switch. The story driving currencies on Friday may well be forgotten by Monday and the market waits for fresh sentiment drivers. So, each week remember to hit your FX reset button; a new week with new opportunities and challenges. Wait for the fresh sentiment drivers before committing to FX trades in the new week. Sometimes, the right thing to do is to avoid trading. A great example of when you shouldn’t trade is when sentiment isn’t clear to you.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.