There’s been a few political / central bank events over the past day which directly affect major currencies, yet none of them produced any surprise and consequently there was little volatility.
In my previous post, I investigated a series of recent data from the three major Forex currency pairs, and concluded that without taking trend into account, whichever pair was showing the lowest relative volatility had the greatest edge.
I just ran a little data experiment based upon some advice I once read written by a very experienced professional Forex trader.
An interesting piece of research caught my eye this week, as highlighted in a little Bloomberg story: the calendar year 2018 is the first year in almost fifty years where not a single broad asset class has produced a positive return greater than 5%.
The British Pound, which has been very weak lately, rose quite sharply during the early part of the London session, as news emerged that the European Court of Justice’s Advocate General believes it would be lawful for the United Kingdom to unilaterally revoke its invocation of Article 50.
The first face-to-face meeting between President Trump and his Chinese counterpart Xi Jinping of 2018 has taken place at the G20 summit in Argentina.
It has been an interesting day in the market, including the Forex market, as the Chair of the U.S. Federal Reserve hinted yesterday in a widely-anticipated speech
The British Government is in the unusual position of trying to push through a policy which very few of its members believe in.