Central Bank Intervention - The Historical Effects on Currency Markets
The hottest news on the currency press right now is central bank intervention in the currency markets from the Japanese government. Yes that's right, we have finally started to move on from Greece... we are even starting to move away from the dreaded GFC. So whats the current situation on USDJPY and what is the likely effect on the markets?
Nick McDonald puts it into perspectives in today's video with a historical look at past central bank interventions.
Links as promised:
- George Soros Wiki: http://en.wikipedia.org/wiki/George_Soros
- Black Wedneday Wiki: http://en.wikipedia.org/wiki/Black_Wednesday
- Reuters - History of Central Bank Intervention: http://www.reuters.com/article/idUSTRE64N3PA20100524
Happy trading!
Nick McDonald
Managing Director & Head Trader
www.tradewithprecision.com
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