Wednesday April 7, 2021 - 18:44:43 GMT
Global-View.com - www.global-view.com
Share This Story:
|
|
Email
Why the EURUSD Lost Its Excessive Bid
If I told you that there was a large order in the market to buy EUR and sell GBP would you be looking to sell EURUSD and buy GBPUSD, do the opposite or step aside as the order gets executed? As outsiders, we are not privy to the flows in the market and due to increased regulation, banks that are executing the orders no longer pass on the information. All we are left with is guesswork but the price action in major crosses, such as EURGBP, EURJPY, GBPJPY, etc. can give a clue to the cross flows and how to use this information to trade spot fx.
This was the case this past week when a large EURGBP flow drove EURGBP sharply higher, EURUSD sharply higher and sent GBPUSD tumbling lower. In this regard, I have updated my Master Class on using crosses to trade spotfx with a timely illustration I have also added a link to the original article, which I suggest reading as well. You will also see how this information gave a strong clue that EURUSD was losing its excessive bis,
Master Class: How to Use Crosses to Trade SpotFX
If you want to take this one step further and put this into real-time trading,
take the next step:
Sign up for the Amazing Trader
Sign up for the AT Strategy Guide (includes 2 months Amazing Trader access)
Jay Meisler, co-founder Global-View.com and creator of The Amazing Trader
[email protected]
Forex Trading News
Forex Research
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
here.
Forex News
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
We are starting an affiliate program to market some of our products.