Forex Markets Respond to Sanctions
$SPDR S&P 500 ETF(SPY.US$ $Apple(AAPL.US$ $Tesla(TSLA.US$ $Metaverse ETP (ETP.CC$ $Cardano(ADA.CC$ $XRP(XRP.CC$ $ChainLink(LINK.CC$ $Polkadot(DOT.CC$ $DigiByte(DGB.CC$ $BAT(BAT.CC$ $VeChain(VET.CC$ $ZEC(ZEC.CC$ $TRON(TRX.CC$ $Litecoin(LTC.CC$ $Stellar(XLM.CC$ $Dogecoin(DOGE.CC$ $ZEC(ZEC.CC$ $Decentraland(MANA.CC$ $Ethereum(ETH.CC$ $ETC(ETC.CC$ $Bitcoin(BTC.CC$ $HTI Futures(JUL4)(HTImain.HK$ $HSI Futures(JUL4)(HSImain.HK$ $E-mini Russell 2000 Index Futures(SEP4)(RTYmain.US$ $Mini VIX Index Futures(AUG4)(VXMmain.US$ $E-mini Dow Futures(SEP4)(YMmain.US$ $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ $E-mini S&P 500 Futures(SEP4)(ESmain.US$
FOREX MADNESS!!
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Forex Markets opened up with crazy moves! These are gaps and swings that you don’t see too often in Forex markets. The implications of the sanctions placed over the weekend are the cause. With Russia being banned from the SWIFT system, 80% of their banking assets in Russia have been frozen, and they have been banned from doing business in the Dollar as well as several other currencies. Not to mention the closing of airspace around most of Russia effecting the flow of commodities, energy, and other goods. This is obviously causing the Forex Madness that we saw at the Forex market open. Some interesting moves happened that are worth noting involved the Mexican Peso, Danish Krone, Swedish Krona, the Euro, and the South African Rand. The Japanese Yen and the Turkish Lyra had an interesting move as well. I’m still learning the inner workings of forex so if anybody has any insight to these moves over the weekend in this Forex Madness weekend then please indulge me. Why did these moves happen in these currencies?
Forex Markets opened up with crazy moves! These are gaps and swings that you don’t see too often in Forex markets. The implications of the sanctions placed over the weekend are the cause. With Russia being banned from the SWIFT system, 80% of their banking assets in Russia have been frozen, and they have been banned from doing business in the Dollar as well as several other currencies. Not to mention the closing of airspace around most of Russia effecting the flow of commodities, energy, and other goods. This is obviously causing the Forex Madness that we saw at the Forex market open. Some interesting moves happened that are worth noting involved the Mexican Peso, Danish Krone, Swedish Krona, the Euro, and the South African Rand. The Japanese Yen and the Turkish Lyra had an interesting move as well. I’m still learning the inner workings of forex so if anybody has any insight to these moves over the weekend in this Forex Madness weekend then please indulge me. Why did these moves happen in these currencies?
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??
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