How to Capitalize on Currency Volatility and Uncertainty in 2023?
The forex market is typically known for its instability, but in 2022, currency volatility was particularly high, surpassing the usual levels. This increased volatility, which more than doubled throughout the year, significantly impacted investment portfolios. The Covid-19 pandemic, along with the war in Europe, probably impacted the world economy severely. With these factors in mind, it is crucial to explore strategies for taking advantage of currency volatility and uncertainty in 2023.
Currency Volatility Could Ignite with EZ GDP, FOMC, US NFP Next Week
Next week is chalk-full of potential risks surrounding major economic events and data releases that could easily stoke market volatility. What risks and forex pairs should traders keep an eye out for？
Currency Volatility: Japanese Yen Eyes Upcoming BOJ Rate Decision
With the Bank of Japan interest rate decision slated for Thursday's session, forex traders could experience increased price action in JPY currency crosses.
Currency Volatility: AUDUSD Price at Risk Ahead of Aussie Jobs Data
AUDUSD overnight implied volatility soars to a multi-month high following the latest monetary policy minutes from the RBA which labeled future weakness in Australia's labor as a potential trigger to cut interest rates.
Spot EURNZD Could Swing Tomorrow from ZEW and CPI Data
High-impact economic data out of the Eurozone and New Zealand tomorrow has potential to send EURNZD gyrating in an otherwise quiet market.