GBP/USD’s recovery from 1.6459 extends further and some more rise might still be seen considering that an intraday low is already in place. Nevertheless, risk will remain on the downside as long as 1.6875 resistance holds. A short term top is in place at 1.6875 already. Below 1.6459 will bring…
Tag Archives: risk
The Four Letter R-Word
Forex traders hear a lot about Risk; whether the markets are tolerant, averse, or neutral. It is a headline that is bandied about on a regular basis. Quantifying the value of risk, and its forex impact, may be so much harder to do in the trading arena, than reporting each…
Weekly Focus: Squaring Positions
At 0.69% the 2-year US bond yield is only 5bp from the low point during the crisis reached a year ago. 3-Month t-bill rates are again trading around 0%. Mainly two factors are behind this development. First of all, investors and banks are most likely reducing risk towards year-end putting…