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Trader Alert: Beware of New Year Whipsaws

Trader Alert: Beware of New Year Whipsaws

4 Years ago | January 07, 2016 00:00:00

 I published this article one year ago (see below) and after the price action this week I should make it an annual event. I warned about the risk of a New Year whipsaw in my outlook video and we have seen it play out in the EURUSD as it rose back to unchanged on the year today at the expense of reeling commodity currencies and GBP. JPY has been the main beneficiary in this flight to safety in what is turning out to be an unsettling start to 2016. With that said, how the forex market and other markets end the month will likely be more important than how they start out.&nb

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