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The foreign exchange markets (forex or FX) are the largest trading venues in the world, featuring about $3 trillion per day in turnover. On the forex, international currencies are pitted against one another, with millions of traders picking their favorites on a 24/5 basis. Not to be left out of the massive global currency trade,… Read more.
A strengthening US dollar and uncertainties in global stock markets have helped to drive some commodity markets lower over the past few weeks, and the possible appearance of a double top in crude oil has many macro-fund traders getting concerned about the outlook ahead.
The “unexpected” happened with the UK referendum to leave the EU.