Analysis of Forex Trading, Financial Markets, and Economic Policies
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Intraday volatility has been wild for most currency pairs today. GBP/USD suffered a sell-off only to retrace all of its losses. The Yen had a spike against all major currencies (Australian dollar, Pound, Euro, Canadian dollar, & US dollar) only to retrace most of the spike gains. The EUR/USD also made a move down to [...]
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What was behind today’s sell-off? Panic hit Wall Street today. While not many things changed within the last 24 hours, investor sentiment crossed a tipping point where skepticism and fear transformed into panic. Last week’s negative interest rate cross-over on the 1-month Treasury already suggested that investors were parking their money. Today, widening credit default [...]
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