4 charts of USDMXN, DJ30, AUDJPY and XAUUSD that defines the US Presidential Election 2016. It’s a total fiasco Brexit 2.0.
Experienced traders tell me that this year is different, that the forex market is very difficult. These few charts may just be the picture to visualise the kind of trading we are going through this year. Besides EURUSD and GBP, I discuss slippage, different broker price feeds.
Traders might not get redress for forex slippage encountered this morning because of GBP’s flash crash but should investigate rigorously if they continue even after the dust has settled. Why?
GBP pairs flash crashed this morning without apparent trigger. Several pairs set new high/low for the year. Some fear that brokers may not honour trades.
Did danger pass for Deutsche Bank? Should I buy the rally? I share some tips to separate market fact from fiction/market noise as well as possible actions you can take.