Central Bank caps forex rate

Bank of Uganda is encouraging the use of financial instruments called derivatives to prevail over the current volatility in the Forex market which has seen the shilling sharply depreciate against major international currencies.

Elliott Wave Forex Trading: It's Not The News That Matters

Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007

The standard explanation mainstream financial analysts and some forex trading "experts" use when talking about a market move is, "The market did that because of such-and-such news report." But if you've been forex trading long enough, you know that all too often, the market's reaction to the news is the opposite of what it's "supposed" to be. Watch Elliott Wave International's Senior Forex Trading Strategist, Jim Martens, as he explains that it's not the news that matters when you're trading forex -- it's the market's reaction to the news that does -- in this 10-minute forex trading video using the U.S. Dollar Index, Euro / Dollar and Dollar / Pound (cable) charts as examples.

Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007