Post Tagged with: "cross"
Crosses for Avoiding American Risk Events
When you’re trading on a news event from some country, a cross may be more suitable – this bypasses the uncertainty with American releases and the unexpected reaction to them. Fundamental traders check the fundamental economic indicators, interest rates and prospects and act according to them. When a good figure is published for certain country,
Why is the Geppy So Popular?
Out of all the possible combinations of crosses, GBP/JPY, also known as the Geppy, is probably the most popular cross. Here are some possible reasons. GBP/USD combines the British Pound and the Japanese. The most popular pair in the world is EUR/USD. The Geppy doesn’t include the Euro. Although EUR/JPY and EUR/GBP are also respected and
FOMC Statement Strengthens Dollar – Hurts Yen Crosses
The FOMC Statement talked about a small recovery in the American economy. While the interest rate rate stayed unchanged, the Federal Reserve’s words about slowing the pace of buying treasuries sent the dollar shooting upwards. Note the tumbling Yen crosses that were highlighted here in Forex Crunch. As expected, the Federal Open Markets Committee concluded
NFP Effect Roundup
Non Farm Payrolls were in line with the official expectations – a fall of 651K jobs, but the affects on the forex market were fascinating, and can teach us some things for the next release. Let’s walk through the market alleys and find some precious currency correlations: Official expectations were a drop of 647,000 jobs