The GBPUSD exchange rate is continually moving and evolving throughout the day and night because it has so many diverse drivers
DRIVERS
1) Economic news surprises
2) Significant stock market moves
3) Payments for goods and services
4) Speculative positions
5) Derivative hedging
6) Market maker manipulation
7) Algorithms using neural networks and deep learning
As a result, on average, there is roughly 3 to 5 times as much pip movement as actual pip price change over a 24-hour period
The niche, therefore, is found in the numerous inevitable pullbacks most days
DRIVERS
1) Economic news surprises
2) Significant stock market moves
3) Payments for goods and services
4) Speculative positions
5) Derivative hedging
6) Market maker manipulation
7) Algorithms using neural networks and deep learning
As a result, on average, there is roughly 3 to 5 times as much pip movement as actual pip price change over a 24-hour period
The niche, therefore, is found in the numerous inevitable pullbacks most days