Notice the "Fat Finger Trade" just after 11pm UK. Low liquidity, nerves about the BoJ, maybe a fat finger or front running; caused 150+ spike.
BoJ keeping rates the same, despite hints previously. Surprise for the markets.
Thursday, 28 July 2016
Currency Strength (29/7/2016) ; BoJ keeps rates as they are
Notice the "Fat Finger Trade" just after 11pm UK. Low liquidity, nerves about the BoJ, maybe a fat finger or front running; caused 150+ spike.
BoJ keeping rates the same, despite hints previously. Surprise for the markets.
Friday, 8 July 2016
Thursday, 7 July 2016
Wednesday, 6 July 2016
British Pound and Big Round Numbers
This chart of GBP looks pretty horrific, post-BREXIT drop. The "Big Round Numbers" really coming into play on these reaction levels, acting as support, resistance and then flipping.
More information on my Big Round Numbers indicator can be found here. It's also on the FXCM Apps store.
More information on my Big Round Numbers indicator can be found here. It's also on the FXCM Apps store.
