Sunday, November 08, 2020
Market talks!
This
is the FX chart today based on USD/EUR during these 5 days. It shows
how market react to the outcome of the current significant events such
as the outcome of the US election. Market is like an unimaginably complex computer which
spontaneously calculates how demand and supply shift by means of needs
and wants. Nowadays, not only banks and investors but also
manufacturing companies of both major and small-medium sized participate
in FX trades for financing their business. Therefore, market movements
are really honest to instantly reflect the opinion of majority of
economic agents reacting to the ongoing events and some events'
aftermaths. It is completely up to your freedom of choice for what you
think any way.
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