I continue analyzing the timing of daily high and low for the popular foreign exchanges rates, one exchange rate at a time. Some of the motivations for such type of analysis have been outlined in the first post on the topic.
Distribution of USD/JPY daily high and low during a day
Source: forexautomaton.com
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Dukascopy Afternoon Forex Overview - Sept 21 09
Previous session overview The dollar is stronger Monday in New York as the yen and higher-yielding currencies give back some of their recent gains versus the greenback while investors consolidate their positions. With markets in Japan, Singapore and several other Asian countries closed Monday for...
Traders cautious ahead of meeting of European leaders tomorrow
By TraderVox.com The euphoria over the Greek deal was short lived today with limited reaction from the market. The Euro has given up all the gains...
Australia May employment -1700 s/adj, much better than expected
Australia employment -1700 jobs, much better than the forecast of -30,000. The unemployment rate for May 5.7%, as expected. AUDUSD jumps immediately from 8045 to 8080. The jobs number is much much better than expected and should act as support for AUD...
UK economy weak but improving
That would seem to sum up the prognosis for 2009-2010 from the Confederation of British Industries. Sterling is steady this morning at 1.6440 and .8515 against the USD and EUR...
Big bids around 1.4460 in EUR/USD
My information from a usually reliable source is that the bids are substantial in nature from a Sovereign name. I know its over 100 pips lower but store the information in the cranial computer for future...