Anyone please care of explain why every major currency pair just got hit except for EURGBP? Thanks!
Aug 05 2016 at 17:22
mainly NFP
Aug 06 2016 at 10:08
blackspade posted:
Anyone please care of explain why every major currency pair just got hit except for EURGBP? Thanks!
See charts the EUR and GBP during this period.
The correlation for these currencies, therefore in EUR/GBP slight movement.
The NFP announcement affected pairs with the dollar in them. Some pairs without a dollar, such as the EUR/GBP, don't move as much with a dollar announcement for obvious reasons.
Always check the Forex calendar at the beginning of every week for any incoming high impact events like the NFP or the BoE rate announcement, so you wouldn't get surprises like this.
mlawson71 posted:
Always check the Forex calendar at the beginning of every week for any incoming high impact events like the NFP or the BoE rate announcement, so you wouldn't get surprises like this.
Good advice, a classic one and always applicable, except of flash crashes.
A knight's tale!
Hello,
Fleshcrash coming in low liquidity. No from expected news.
Fleshcrash coming in low liquidity. No from expected news.
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wortrader posted:
Hello,
Fleshcrash coming in low liquidity. No from expected news.
Yes, that's right and that's why the economic calendar cannot help in being prepared for them, otherwise checking the news and their impact is very helpful. That was my point.
A knight's tale!
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