Which time is the best for scalping?

The U.S. Labor Department said on Thursday its consumer price index (CPI) rose 0.2% last month missing expectations for a 0.3% rise. While year-on-year the CPI rose 2.1% in April, also missed economists’ forecast.

Scalping ke liye best time frame jo hota hai woh 5 min aur 15 min ka hai is main hamien hamien bahut si opportunities milti hain aur acha acha khasa hum profit gain kar sakty hain baqi jo 1 minute wala time frame hota hai us main fluctations ziada hoti hai mery khial sy is py scalping karny sy bachna chaiye takeh hum loss sy bach sakien......

The CPI measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. The data showed further evidence of a slowdown in inflation and signaled a lower outlook for Federal Reserve to add another rate hike in the future.

In China, the People's Bank of China set the set the reference rate for the yuan against the dollar, the mid-point from which the currency is allowed to trade, at 6.3524versus the previous day's 6.3768. The USD/CNY pair slid 0.04% to trade at 6.3463.

The AUD/USD pair lost 0.01% at 0.7530. The Aussie reacted little to the bearish data after Australia’s home loans data came in -2.2%, worse than the expected -1.9% and the previous’ -0.2%.

Currency traders and investors are about to, if not get more of, the electronic or low-touch method of trading.

Long the bastion of telephony, manual executions and trading occurring between and handled by handful of banks, the foreign exchange market is becoming “equitized”.

And what does that mean, exactly?

It means the electronic trading revolution that has occurred in the equity universe – use of algorithms, multiple venues, IOIs, dark pools and other technologies that have made trading stocks incredibly efficient for investors, more profitable for trading house, allowed new technology vendors to offer better products at every increasing cheaper prices and open up the markets to more investors is happening. In what could turn out to a very similar, yet unique trajectory that the equity markets followed after decimalization and Regulation NMS, the $5.3 trillion forex mart is ripe for innovation.

For example, in the last year alone technology vendors such as Pragma, FastMatch, Portware, FlexTrade, CLS, OANDA and RFX Networks have entered the space and are providing algorithms, data, co-location services, post trade analysis, TCA and network connectivity to the space. This technology shift, akin to what equities underwent, is already laying the groundwork for more efficient and broad sweeping trading. The concept of and achievement of best execution, a long-standing focus in equities, is now being looked at in the fx world.

Add to this the adoption by many ( and still many more to come) is the Global FX Code. Think of the Code as foreign exchange’s own version of Reg NMS. According to Russell Investments’ Ian Battye, the FX Global Code is an important document.

“It’s simply a set of principles of good practice in the foreign exchange marketplace,” Battye said. “It was developed to provide a common set of guidelines that promote the integrity and effective functioning of the wholesale foreign exchange market. The Code was developed through a partnership of central banks and market participants from around the globe.”