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05/02/2014: Stopped on my USD/JPY short

Last updated: May 3rd, 2017 at 09:59 pm

Having previously been in a nice profit, I was spiked out of my position on the announcement of the ISM Non-Manufacturing PMI.

USD/JPY short stopped at 101.47 for a 26.8 pip loss.

Highlights the risks of holding positions over announcements.

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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.