Over the last couple of days, the United States has released economic data showing the economy is continuing to grow. On Friday, the Non-Farm Payroll stated 227,000 jobs were created in February. Today, the Commerce Department released data that showed a 5-month record high gain in retail sales for February.
Upon this data, the US Dollar gained against the yen and reached an 11-month high. The US Dollar also gained against the euro, hitting a one-month high. Although the US economy appears to be doing better than expected, Federal Reserve Chairman Ben Bernanke announced no changes would be made to current monetary policies.
Changes to a nation’s monetary policies can cause volatility in the Forex market and create potential trading opportunities. Market Traders Institute’s Forex education, the Ultimate Traders Package on Demand helps prepare its students for such market volatility through a variety of Forex tools and resources. Their five-phased, lifetime education includes 16 interactive online lessons, weekly mentorships with the FX Chief™, Forex trading systems and more.
To learn more about Market Traders Institute and the Ultimate Traders Package on Demand, register to atttend an upcoming, complimentary webinar by completing the form below.