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Forex Traders Need to Stay Aware of Policy Makers
Since the financial crisis the global economy has been gripped by near constant volatility, uncertainty, complexity and ambiguity leading to an almost permanent interventionist stance by central bankers. This has created difficult markets for some forex traders. And those interventions have been dramatic. There's been the quantitative easing programmes of the US Federal Reserve, the Bank of England and now the Bank of Japan. The Swiss National Bank effectively killed any prospect of serious CHF rallies by putting a cap on the exchange rate. And even the European Central Bank may this year join the party with some new ... (full story)