Risk or No Risk Forex Game

For the past few days I wonder why the EURUSD getting hammered down and why today the USD lossing its strength. Fortunately today, I just found the answer! According to CNBC it's a risk or no risk game play in the currency market, said one forex analyst & strategist from GFT. Last week the market was risky and nearly everybody market wide, went panic and selling their shares from the stock market. When this scenario happens, everybody parked their cash in safe currency such as USD, JPY and even CHF. This week, the equity markets are getting stable in Europe and the US...at least and people starts to pull out their cash from USD, JPY and the CHF.

Hence, this is currently what happen in market. Just remember, if the market turns risky where everyone seems to panic, they will put their money for the USD, JPY and the CHF. If people think the risk is calming down they will take their money back from the USD, JPY and CHF and starts buying other major currencies.

Currently, I did not see any reason to buy any currencies at the moment. The chart seems ugly. So I better just stay on the sideline until everything settles.

Happy trading guys ;)