DislikedEasy just switch to daily or 4hr charts and then watch one screen at a time. Whats EU, EJ, EUCHF, doing? Whats USDCAD, USDCHF, NZDUSD and cable doing?
whats AU, AJ and AUDNZD doing? Whats GBPCHF, CHFJPY doing? It takes about 20 minutes To do a good analysis for all pairs when you look at the daily, and your sure to find at least one thats trending.
In short I only trade USD, EURO, AUS, NZD, CAD, CHF, JPY, GBP
thats not much. I already stated my favorites as EU, AU, AJ, USDCAD, USDNZD but when they are not doing much then the CHF and Yen probly are.Ignored
BWR,
What's your view on correlations with the DOW, today or any day or is there?
Today the AU and EU dropped like a rock along with the DOW after news.
Maybe there is another way of explaining this.... was it AUD and EUR
weakness beyond USD weakness making the USD the driver on those pairs.
Still the DOW is down from the news and I would think this would drive the
AU and EU up. Similarly, the USDCHF is up on the day.
Just trying to read the market.
From the FF AUSSIE PAIRS thread:
Originally Posted by youalreadykn http://www.forexfactory.com/images/buttons/viewpost.gif
Don't you love when markets become absolutely irrational?
Citigroup reports a writedown we knew about for a LONG time and it causes panic?
The part that is a mystery to me is the USD and EUR strength when they both reported bad economic data today.
Take a look at EUR/AUD and EUR/NOK and there's no reason for those moves today other than panic.
thanks,
Dr. D.