Here's a US Dollar / FX etf comparison chart. As you can see, currencies responded quickly right after the FOMC interest rate decision & FOMC press conference on 1/26 at 2-2:30pm. Every market responded obviously, and they're all interconnected, equity, bond, commodity, currency & crypto. In my opinion, what's happening underneath the surface between all the markets is a rotation of capital to here or there plus the sidelines. I think things will settle down and find an equilibrium soon enough.
UUP = US Dollar bull FXB = British Pound FXC = Canadian Dollar FXY = Japanese Yen FXF = Swiss Franc FXE = Euro FXA = Australian Dollar CYB = Chinese Yuan strategy
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation
7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list