Does anything in FX make sense anymore?
Does anything in FX make sense anymore?
Posted on March 29th, 2018
Just when you think you have a bead on the likely direction in FX markets, you would be advised to sit, wait and consider taking the opposite view. There have been a number of swings in the last month that have reversed and put the market back into the preceding range. Issues the market is grappling with are US trade protectionist policy, a drop in confidence in the US high tech sector, US political chaos, thawing North Korean tensions, and tightening in USD short-term funding, spreading to higher Australian bank funding costs. Just as trade fears may be easing, high tech sector woes may be increasing. US political risk is likely to build into the mid-terms. As March draws to a close, it seems best to watch and wait for cleaner air to derive trading strategy.
Greg Gibbs
Founder, Analyst, & PM
Amplifying Global FX Capital Pty Ltd
An Australian financial services company
+1 970 409 2877
ampGFXcapital.com