I think Henry has mentioned it here. The world market is underlying in risk aversion sentiment which means people is not willing to take risk. They would propably go for more stable currencies: USD and JPY, leading to high demand of USD and JPY. That's the reason USD is strong at the moment and...
Sorry, I'm having a doubt here.
The news seems to have small effect to the market. The market dropped in the first 3 to 4 mins but went up after that. Seems that USD had strong support 5 mins after the news announced, even others currencies. Why is this happened?
Any idea?
Thanks Henry for your extraordinary analysis which not only supplying the details of each currency market but also provided fundamental knowledge which allows me to understand more and able to think on my own.
Henry!! You are not only giving me the fish but also teaching me how to fish...
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