DislikedTotal manipulation of currency price by banks, US has worst 3 days of stock market in history and NZD has been steadily rising since Jan1 2020, but NZD takes a nose dive. This has nothing to do with reality, but banks ripping traders off by setting prices. Done with USD pairs. There is no system you can use or predictor, they do this all the time and it is not moored to reality. {image}{image}{image} Watch this. It is all bullshit and there is no system, no news event or any logical analysis that will make you the money you should be. Its all as...Ignored
If the US stock market dumps, bargain hunters will rush to buy either the indicies or the underlying assets. To do this, you have to raise cash in USD.
If there is a mass bargain buy, then demand for USD goes up sending prices higher. That explains the nose dive in the assets crossed against the DXY.
Let's not scream "manipulation" just because we don't understand, eh?