There are risk on days, and then there are these – an explosive day for currencies
https://youtu.be/DhnFdRwCy6s
There Are Risk-On Days – and Then There Are These: An Explosive Day for Currencies
Some risk-on days deliver steady gains. Others explode with volatility. Today was the latter—an explosive day for currencies. Risk appetite surged. Commodity and growth-linked pairs rallied sharply. Safe-havens weakened. Traders captured big moves across sessions.
This was a red-letter day in every respect with positive news about a vaccine for COVID driving the markets into a frenzy as risk on dominated for much of the day. Leading the way were the yen currency pairs in the yen matrix, surging higher in all timeframes and mirroring the price action in equity markets. And of course, all confirmed through the prism of volume price analysis.
What Made Today Explosive
Positive sentiment dominated. Equities climbed. Growth data or policy hints fueled optimism. Commodity currencies led—AUD, NZD, CAD strengthened. Yen and Swiss franc fell as safe-haven demand faded. Crosses like AUD/JPY or GBP/JPY delivered massive pips.
Volume price analysis (VPA) confirmed conviction. High volume...







