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Market close for Christmas

While the market closes down for Xmas interesting currency levels become clearer
Usd weakness continues and Usd/Jpy is challenging 120 to the downside
Eur emerges a stronger currency and seems set to break previous highs after the retracement
Gbp/Usd is building support above 1.48, Aud and Nzd are stronger against the dollar, too
With thin liquidity and most traders home for the holidays it does not seem wise to trade today
The picture will be clearer when the markets open again
If support at 12…
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Uladzimir avatar
Uladzimir 24 12月

С Рождеством Христовым !

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USD weakness is letting other currencies grow stronger

Usd is unexpectedly weakening after the Fed rate hike last week
A lot of Usd strength seemed already prices in as Usd/Jpy did not move to much on the decision
After the interest rise Usd crosses seemed to be climbing higher
until a couple of days (a day) later Japan surprised the US and the rest of the world
announcing quantative easing to help their economy
Usd/Jpy was halted in its ascend and is now on the way down
Eur, Aud and Nzd are profiting from this and are climbing higher against the do…
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