For the benefit of all traders in the realm of forex, David Rodriguez, of DailyFX.com, points out that FX markets remain volatile and the next moves out of China will likely decide whether traders can expect further big moves.
• Extreme volatility in Chinese markets bodes poorly for broader risk• China-led volatility may be a lasting theme for the US dollar, financial markets
• Our focus remains on the volatility-friendly Breakout2 system and on key JPY pairs
FX markets remain volatile and the next moves out of China will likely decide whether we can expect further big moves. Here are the pairs and trading strategies we’re watching.
Strong volatility across global financial markets has helped push the Japanese yen and US dollar sharply out of key trading ranges versus major counterparts. To read the entire article and see the charts click here…
By David Rodriguez, Quantitative Strategist, DailyFX.com
