Hawkish comments from ECB member Weber is driving the EUR/USD through the roof. The currency pair is up close to 2.5 percent or more than 300 pips. After cutting interest rates by 75bp earlier this month, ECB member Weber said today that a January rate cut is not a done deal.
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Pips mean nothing regarding profitability or competency as a trader because most traders have variable stop loss sizes. You can be profitable posting a pip loss.
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