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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