Disliked{quote} Main naive thought: it may be that the big players trade futures. e.g. the Norwegian Government buy/sell for their pensions fonds dollars, yens etc. and this affects the USDJPY price. They do monthly and weekly team meetings to analyze the current situation... As example I would plan for the next week to buy step by step dollars for 100 mil., and sell for 150 mil. Yen. If a certain profit is achieved then I will continue with other currencies.Ignored
@SwingMan -- interesting. But wouldn't this still mean that the MM's manipulation is driven by economics and not a chess game where they decide everything? I mean, in the end they have to fill orders. With futures they may have a better view of what's coming up -- but they wouldn't know what lay ahead after a futures contract closed (sorry, I'm not familiar with futures or the proper terminology).
QuoteDislikedthen I will continue with other currencies