Two great trading opportunities in one session

Risk driven opportunities come along all the time in the forex market, but none better than when driven by geopolitical events, and in the US forex trading session we had a classic example for the Swiss franc. This was one opportunity not to be missed with the CHF rising strongly on the shortened meeting between US President Trump and North Korean leader Kim Young Un. Such opportunties are often short lived, so it’s a case of jumping onboard and taking the opportunity whilst it’s there. The pair we followed here was the USD/CHF.

This was then followed by a classic reversal as the US session opened with strong buying of the US dollar, helped by better than expected Advance GDP data duly drove the pair higher on a strong reversal. So two great low risk trading opportunities in one day.

By Anna Coulling