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Posted

Can someone explain why the Thai Baht is putting the uk pound under pressure considering the activities that are happening in Thailand/Bangkok just now please

Posted

banking and currency exchange is a complicated business, and small things can have a large influence. it's possible that one of the aforementioned bankers visited great britain and saw it for himself, passing on that information to other bankers.

Posted

Factors that you consider predictive of movement in any given financial market have most likely been factored into current pricing long ago by those full-time hard-wired into the relevant datastreams.

If high-volume traders a few days ago thought there was a possibility of major disruption or even large-scale violence, and then more recently learned things aren't as bad as they thought. . .

Combined with of course hundreds of other forces not least of which pressures on the other currency, including fundamentals like balance of trade, the relevant governments financial (mis-)management of their banking sector or currency etc.

IMO it's a fool's game to try to beat sophisticated markets like this with short-term timing-critical trades, when the big players are so much better/faster informed, not to mention equipped with algorithm-assisted AI technology.

Bet on fundamentals over the long term if you really want to play, broad indexes better than specific niches.

Posted

facepalm.gif

why people dont want to understand there is a general trends, it take usually weeks and month to notice it.

And you have short term trends, that explain that within a day or even few hours the exchange rate can go down and later up by few satangs.

Otherwise the baht would be already over 100 baht to the dollars!

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