Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Currency Chaos

Published 01/17/2017, 10:42 AM
Updated 07/09/2023, 06:31 AM

This is going to be just a quick comment cleaner. Equities are nicely in the red for a change, with the ES down 9 as I’m typing this.

S&P 500

Apparently Trump’s comments that the dollar is too high has sent a bit of chaos into the world, and one dark spot for me is a very strong gold market. I’m not so sure I’m going to hold on to that DUST position anymore, but we’ll see.

GBP/USD

The big surprise, just hours ago, is that Theresa May announced that for some reason the will of the British people was going to be subjected to a vote by both houses of Parliament, which might mean the entire BREXIT thing could turn out to be a non-event, thus the pound is soaring.

USD

Lastly, as mentioned, the dollar is taking it on the chin, with particular weakness vis a vis the Japanese yen.

USD/JPY

Latest comments

Great to see your posts on here! - @usarmypilot
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.