Noticed frequenty E/U has large moves during asia session, but no news related to euro or usd during that time, so what are some factors causing this pair high volatility?
Noticed frequenty E/U has large moves during asia session, but no news related to euro or usd during that time, so what are some factors causing this pair high volatility?
Ignored
Speculations? By the way, there are other news released during Asian session - corporate and political. They can influence all currencies.
That whooshing sound you hear is of all the money being rushed back into dollars. Last night Asian stocks were falling. Those rushing to cover move to the nearest safe haven - dollars at the moment.
Safe to say now is not a normal time at all. I thought we might be at the end of panic last Friday, but it's continuing - this is truly a black swan event in the FX world at the moment.
In general, it's difficult to fathom Asian moves outside the normal range unless you hit on a news feed or there's some obvious headline news.
Noticed frequenty E/U has large moves during asia session, but no news related to euro or usd during that time, so what are some factors causing this pair high volatility?
Ignored
Dangerous session to trade the eu unless it is a range. Last night there was range for 4-5 hours then it broke out of its range. If you are goign to trade the eu in the asain session I would suggest waiting for a range and trade in the direction of the trend. Best range TF is 1 hr and 4 hr, look at your daily/weekly/monthly for major resistance/support.
