Anyone please care of explain why every major currency pair just got hit except for EURGBP? Thanks!
camforex10
Medlem sedan Jun 29, 2015
21 inlägg
Aug 05 2016 at 17:22
mainly NFP
Homma Munehisa
(HommaMunehisa)
Medlem sedan Jul 23, 2016
6 inlägg
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.
mlawson71
Medlem sedan Dec 11, 2015
1487 inlägg
Aug 06 2016 at 10:52
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!
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