Discussion in 'Forex' started by ITR2744, Nov 26, 2008.
Is anyone trading FX futures Thursday and Friday? How's volume usually then?
Typically volume is thin on both days, but trading range is tight on Thursday and wild on Friday:
Nice thanks, i never knew that before, i wonder why the surge on Friday.
Because more players are trading in a thin market.
Have you got one for Eur/Aud?
Just look at eur/usd and aud/usd, or simply just look at eur/usd, if eur is flying either way, it will show up on eur/aud pair. Bottom line as long as the majors have attention the crosses transitively will have as well.
Thanks for the suggestion but the range is a lot wider though, and correlation isn't constant (perhaps due to RBA intervention?)
I wasn't referring to correlation of their time series. I was referring to the mechanics of how the eur/aud is affected by the respective currencies movement relative to the dollar.
Go eat some turkey. Nobodys trading, markets are going to be shit.
Or maybe fade extremes at a fixed spread broker to teach them a lesson.
yep, not trading, if i see some movement on Friday, i will take a bite but if european early morning trading is dead, then forget it.
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