15 August 2018 could be turning point for USD as we can see sharp spikes in most majors followed by u-turn the next day. Overlay shows winners, losers among major pairs.
A look at year to date relative performance of major forex pairs and stock indices Despite high positive correlation, subsequent action following early February’s correction, separate themes are showing up as winners and losers emerge.
I look at price action of USD to forex majors in 2016. The whole action can be described in 4 sentences. But to sum it up, 2016 was all about ‘Brexit, POTUS, GBP and the Japanese Yen’.
Triennial Central Bank Survey 2013 reports Singapore 3rd largest foreign exchange trading centre displacing Japan. Hong Kong at 5th place. Singapore Dollar market share drops to 15th place.
Singapore is the fourth largest foreign currency trading centre in the world This is according to the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2010 conducted by the Bank for International Settlements. The next time this survey is conducted is