Asia Overlap: Average Range ? Day Trading the Currency Market ...

June 1st | Day Trading the Currency Market

For the more risk-averse traders seem USD/JPY, EUR/USD and USD/CAD good choices because these couples to a decent amount of gamer traders trading range with a smaller amount of risk offer handsome profits. Their highly liquid nature 52 may an investor for securing gains or losses quickly and efficiently. The modest volatility of these couples also provides a favorable environment for traders who want to pursue long-term strategies. European session: 2 hours ? 12 p.m. EST that London is the largest and most important treatment center in the world, with a market share on more than 30 percent according to the survey BIS. Most of the offices of the treatment of large banks are located in London; the majority of the large FX transactions are completed during the hours of London thanks to the high market liquidity and efficiency. The large number of participants in the market and their high transaction value make London the most volatile FX market of all. As shown in Figure 5.3, surpass the half of the 12 major couples the line 80 pips, the benchmark that we used to identify volatile GBP/JPY and GBP/CHF pairs reach as high as 140 and 146 pips respectively. Figure 5.3 European session volatility GBP/JPY and GBP/CHF are apt for risk lovers. These two couples have an average daily reach of more than 140 pips and can be used to generate a huge amount of profits in a short period of time. Such high volatility for the two couples reflects the peak of daily trade activity such as large participants are about to complete their life cycle of currency around the world. London hours are connected directly to both the US and Asian sessions: as fast as large banks and institutional investors are repositioning their portfolios, they will ready must start with converting the European assets in dollar-denominated ones again in anticipation of the opening of the US market. The combination of the two strings by the big players is the main reason for the extremely high volatility in the pairs. 53

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Tags: Asia:, average, Overlap:, Range

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