aliassmith wrote:adaseb wrote:aliassmith wrote:adaseb wrote:aliassmith wrote:newark18 wrote:hey, someone responded.
Ok, so I am not crazy about their correlation.
They are all a function of the US dollar. So there should be some
Yeah pretty much.
Why do you think the GBPJPY goes crazy up and down hundreds of pips during NFP when USD is not even in its pair.
Because GBP/JPY is a cross pair ( GBP/USD and USD/JPY ) it seems that
the Yen crosses are more sensitive and make the big moves. I traded
them a lot a few years back when I could perdict their movement really
accurate. Those were the days.
I trade the NFP every month on the GBPJPY pair by hedging my positions. It sure is fun.
Good times doing that for 100 pip spikes in less than a minute with huge
lots. That is where liquidity issues came into play and caused slippage.
I usually hedge a couple minutes after the news comes out, not right away. That would be just nuts