Recent content by davelansing
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Why did the euro climb against the pound on Powell's testimony on Tuesday?
I guess you answered your own question…but today’s move of the GBPUSD versus EURUSD negates your “risk on/off” hypothesis as evident by the falling EURGBP (i.e., GBP is moving stronger than the EUR against the USD). Best, Dave- davelansing
- Post #4
- Forum: Forex
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Why did the euro climb against the pound on Powell's testimony on Tuesday?
EURUSD x (1/GBPUSD) = EURGBP So, if the EURGBP is climbing, this means that the strength of the EUR versus the USD is greater than the strength of the GBP versus the USD. Likewise, if the EURGBP is falling, the strength of the GBP versus USD is greater than the strength of the EUR versus USD...- davelansing
- Post #2
- Forum: Forex