The indices show the performance of a particular currency vs G8 FX. A video on how to interpret these indices can be found in the Global Prime’s Research section. Traders had to digest a plethora of negative news such as absolutely catastrophic global flash PMIs across Europe and the US, another spike in the US jobless claims above the 4 million mark which tells us the US unemployment is running near 20%, or the fact that Europe is yet to agree on how it will fund its covid-19 long-term recovery plan. Be aware that the market is so far treating these dismal fundamentals as ‘old news’ and I see no reason why it would ... (full story)