Today was a big down day. One importer that I talked today characterized the market as “in the Tank”. I guess that is fair. Today, December closed down 600 point at 1.2645. So in the past fourteen days the market has gone up 1300 + points and down an equal amount which is a 10% swing in both directions. Can it make up its mind? Obviously not!!! Fundamentals versus Currency!!
Once again the attached article mentions currency as the reason for the market decline.
But this market does have a tendency to go dramatically in one direction and then, the next day, go in the other direction. Will Monday be an up day?