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Currency Traders Should Get Ready for a Big Move in the US Dollar
Currency traders should brace for a large move in the dollar, if past periods of low volatility are a guide. Over the last 25 years, there have been three previous troughs in the JPMorgan Global FX Volatility Index. Each time, the U.S. Dollar Index has moved around 10 percent over the subsequent 6-months, according to data compiled by Bloomberg. The volatility gauge is currently trading at its lowest in 5 years. “We’ve seen this type of pattern show up a number of times before, and each time it did it preceded a major move,” in the dollar, wrote Callum Thomas, founder and head of research at Topdown Charts, in ... (full story)
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- Apr 17, 2019 8:27pm Apr 17, 2019 8:27pm
- clockwork71
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- Apr 18, 2019 12:18am Apr 18, 2019 12:18am
- 4for4
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Market is not random but unpredictable