2016 performance of USD to forex majors in 4 sentences

  1. GBP was the biggest loser driven by ‘Brexit‘ dynamics.
  2. JPY was a big turnaround story – the biggest winner in H1, losing it all by H2 2016.
  3. All other pairs are clustered tightly demonstrating high level of positive correlation; without specific drivers, they were switching together between ‘risk-on’ and ‘risk-off’.
  4. From a loser in the beginning of the year (ex GBP), the USD clawed back losses against major currencies to nearly unchanged; outcome of US Presidential Election was a turning point.
Relative performance of forex majors in 2016Relative performance of forex majors in 2016

Relative performance of forex majors in 2016 | Tradingview.com

But to sum it up, 2016 was all about ‘Brexit, POTUS, GBP and the Japanese Yen’

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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.   Soh's Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX.   Disclaimer notice: "I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."
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