That cotton trade was almost the deal breaker for me. It was at that point that I said, ‘Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?
USD
EUR/USD
The Shared currency hit new session lows around $1.1130 after US Gross Domestic Product figures released yesterday beat expectations, favouring the FED to hike rate in March.
GBP/USD
The Cable fell to one-month lows on Thursday underneath the $1.3400 level amid USD strength, and UK political turmoil kept exerting heavy downward pressure on the pair.
USD/JPY
The Japanese Yen held onto intraday losses around two weeks, top at 115.40 as US yield rebounded and IMF signalled that Fed tightening will exert more pressure on yen and might push for more easing policies from the Bank of Japan.
AUD/USD
The Australian Dollar was hunched near multi-month lows at $0.7023 on a flight from risk assets combined with aggressive pricing for US rate hikes undermined the Aussie. The losses came even though commodity prices traded higher and speculation when RBA will start to hike rates.
USD/CAD
The Canadian Dollar continued to trade at its lowest multiple months lows at 1.2715 versus the greenback as the Bank of Canada postponed its rate hike and price of oil also pulled back from its high.
USD/ZAR
South Africa's rand weakened on Thursday as the central bank raised interest rates by the expected margin to 4.00% and suggested it would only increase rates gradually in the future.
USD/MUR
The dollar-rupee rallied to 43.95 (Selling) on the local market.
14:00 - EUR - Consumer confidence
17:30 - USD - CPA - Price Index
