About half a year ago I wrote a post FX markets about to get interesting again!. The main point I was trying to deliver is that volatility in forex space could shoot up significantly. Since then this is exactly what has happened in most currency pairs against the dollar. I believe it’s not over yet, in fact it could only be starting. We could say there was one exception, that was EUR/USD. Until now.
The same post could have been written for any almost other currency some time ago, let that be GBP, JPY, AUD, CAD,… But as a European I am for obvious reasons focusing on the EUR/USD pair.
The goal of this post is not to bore you with details. If you’d wish to discuss the topic, give me a shout. But now let’s get straight into it.
Here is a monthly chart of EUR/USD currency pair dating back to 1980s.Read More