I'm eager to hear thoughts on this topic.
The 'text' box in the chart says it all.
JPY continues to be the 'safe haven' currency in market-mayhem episodes, just like we're seeing today as the equity markets crater. Add to that the 'ol "carry trade" effect...Yen has been the currency of choice for carry-traders, borrowing in Yen at near zero interest rates (NZIR)...
Here are the key factors to keep in mind today for Euro trades:
French CPI: The French CPI for September decreased by 0.3% monthly and increased by 0.9% annualized. Economists predicted a decrease of 0.3% monthly and an increase of 0.9% annualized. Forex traders can compare this to the French CPI for August which increased by 0.5% monthly and by 1.0% annualized....
Here is the key factor to keep in mind today for Euro trades:
German IFO: The German IFO Business Climate Index for August is predicted at 95.0. Forex traders can compare this to the German IFO Business Climate Index for July which was reported at 95.7. The German IFO Current Assessment Index for August is predicted at 98.8. Forex traders can compare this to the...
