We Closed One of the Strangest Months, at Last. - Forex News by FX Leaders

We Closed One of the Strangest Months, at Last.

Posted Wednesday, February 1, 2017 by
Skerdian Meta • 1 min read

January is finally over and I am glad. I won´t miss this month because it has been one of the most difficult ones in quite a while. 

We came from two months of heavy bids for the USD, after Donald Trump won the US elections. However, we saw that things were going to change as soon as this month started. The market was not so confident on the Buck anymore.

We had a losing week in the beginning, which was followed by three very good weeks where we accumulated some good profit. 

But Trump tried to ruin it all for us and I saw it from the first day he set foot in office. The USD bulls praised him until a month ago, while now they´re condemning him. 

It looks like he is starting a currency devaluation war and the USD is suffering. The biggest problem for us, and for the rest of the forex market I guess, has been the way everything has been coming. Trump´s orders have been all over the place and so has the market. 

It´s been a really tough month to trade, but despite the setback on the last few days, we closed another successful month, albeit not great. So off to February now, guys. 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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