OVERVIEW: Volumes & Volatility Index have declined more towards the last quarter of the year contrary to the slow growth of the US economy. The forex and equities market have been swinging in both directions between the Federal Monetary Easing, European Debt Crisis, Political & Government Fiscal Policies and the current Fiscal Cliff. The choppy market behavior have been more susceptible towards every bit of information and data affecting price fluctuations that has not been much help for the traders and investors. Liquidity, trade volumes and participants have held back towards this 4th quarter.
With that said, the Major Cross-currency pairs have managed to outperform the majors since September until to date. And we have mentioned this from our previous article in comparison with the EURUSD, GBPUSD, USDJPY versus the EURGBP, EURJPY and the GBPJPY cross rates respectively. Although, it would be wise to make a final assessment at the end of the year's trading as to the currency pair that best performed for the current year ending 2012. And we shall get back to you on this by then.
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