Hi Paul
well eur and chf are closely inversely correlated - so are unlikely to move far unless something upsets that - intererstingly in recent days the correlation has broken down - apparently due to heavy moves from euro funds into swiss francs and SNF intervention. eur gbp tends to move slowly because euro and gbp generally respond in a similar way to dollar and stock market moves - but again in recent weeks this pair has shown an unusal amount of movement - and in some cases has seemed to dictate the movement on GU - I understand because bankers have moved into eurgbp tp hedge their positions on the majors
GBPJPY does not move as much as it used to becuase of the dramatic fall of the pound against the yen - pound don't buy much yen anymore
taking a look at your pivot levels - I assume that your YMWD pivots are all worked out on the same basis
finally the movement on audusd today; was this foreseen - I seem to recall that you were calling for this pair to fall - anyway look forward to the next instalment
well eur and chf are closely inversely correlated - so are unlikely to move far unless something upsets that - intererstingly in recent days the correlation has broken down - apparently due to heavy moves from euro funds into swiss francs and SNF intervention. eur gbp tends to move slowly because euro and gbp generally respond in a similar way to dollar and stock market moves - but again in recent weeks this pair has shown an unusal amount of movement - and in some cases has seemed to dictate the movement on GU - I understand because bankers have moved into eurgbp tp hedge their positions on the majors
GBPJPY does not move as much as it used to becuase of the dramatic fall of the pound against the yen - pound don't buy much yen anymore
taking a look at your pivot levels - I assume that your YMWD pivots are all worked out on the same basis
finally the movement on audusd today; was this foreseen - I seem to recall that you were calling for this pair to fall - anyway look forward to the next instalment