Partner Center Find a Broker
Monday: No trade
Tuesday: +70 pips
Wednesday: -60 pips
Thursday: No trade
Total: +10 pips

We saw the possibility of future rate hikes drop significantly in the US after a week of negative US data reports, but the greenback still gained on most of the major currencies. I don’t get it – isn’t the opposite supposed to happen? Well, in a sensible and rational trading world then yes, but whoever said that the markets always made sense? It’s been a crazy summer of trading, and it will be interest to see where currencies if the FOMC continues to pause rate hikes and the rest of the world tightens…

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.