Not every pip in market movement has to be explained with the news flow – Commerzbank
29.11.2023, 11:28

Not every pip in market movement has to be explained with the news flow – Commerzbank

Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, highlights that sometimes the market moves on its own accord.

Not everything can be explained

The FX market is a collection of subjects who do nothing but guess what the other subjects might be doing. Sometimes there are periods when their actions cancel each other out and as a result, nothing happens. And sometimes there are periods during which moves are reinforced by herd behavior. Skeptics (and economists) call it a ‘speculative bubble’. I avoid the term, because ‘bubble’ sounds as if it might burst, at which point the USD weakness would disappear. That does not have to be the case. I, therefore, prefer ‘self-reinforcing market movement’.

Not every pip in market movement has to be explained with the news flow. When I was a young analyst, I sometimes had this aspiration. But by now I have realised that such efforts are futile. For all parties involved. Sometimes the market moves on its own accord.

In other words: don’t always rely on the ‘explanations’ that you read about exchange rate moves. After the event, we analysts often find a sack of rice that fell over somewhere and can ‘explain’ this move or another. 

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik