I had a very busy (non-trading) day today. I was away from charts all day, but I "knew" at least one big move will happen during that time. I expected Euro strength, but didn't quite expect Franc strength even though the pairs are related. What I didn't expect at all was that PBOC will follow up with another huge yuan reference rate adjustment so soon. I haven't checked the details yet, but it appears that yesterday's adjustment was not a one-off :-)
After rallying more than 3800 pips from the l…
After rallying more than 3800 pips from the l…