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Currency Traders Struggle to Parlay Bad Volatility Into Profit (News:02/02/16)

Today's Press

  • Currency traders are getting whiplash from the pile-up of policy surprises that have come their way in the past six months. And because the big events have been unexpected, they’re struggling to translate rising volatility into bigger profits.

  • Asian shares fell on Tuesday as crude oil prices slid on oversupply fears and after downbeat manufacturing data raised concerns about sluggish global economic growth.

  • After a year of secret diplomacy and hushed-up private talks around the world, OPEC's mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed rise in oil prices.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 120.67
  • EURUSD: 1.0926

Indices:

  • S&P 500: 1,939.38
  • NASDAQ : 4,620.4

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