Tuesday, August 20, 2013

Increased Forex volatility

As we are getting closer to the release of the FOMC minutes on Wednesday volatility has increased in the spot Forex markets. The fear that Bernanke and his team will indicate a tapering of the hand outs is enough to give a jolt to all markets.

The AUD continues to be the most profitable currency to trade, more so in conjunction with GBP. And the latecomer CAD competes with JPY for the third position in performance. See the table here below.