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Written by Vision
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Wednesday, 03 June 2009 |
1.0 Most Active Currency Pairs (by volume) [GMT 0800]
Tokyo/Sydney Session (7am to 4pm)
o EUR/JPY
o AUD/USD
o USD/JPY
o AUD/JPY
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London/New York Session (3pm to 12mn)
o EUR/USD
o USD/CHF
o GBP/USD |
Sydney Session (8pm to 5pm)
o AUD/USD
o EUR/USD
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2.0 Most Active Currency Pairs (by average range pips) [GMT 0800]
Tokyo Session (7am to 4pm)
o GBP/JPY - 110 pips
o GBP/CHF - 90 pips
o USD/JPY - 75 pips
o USD/CHF - 65 pips
o GBP/USD - 60 pips
o AUD/JPY - 55 pips |
London Session (3pm to 12mn)
o GBP/CHF - 145 pips
o GBP/JPY - 140 pips
o USD/CHF - 115 pips
o GBP/USD - 110 pips
o USD/CAD - 90 pips
o EUR/USD - 80 pips
o USD/JPY - 75 pips |
New York Session (8pm to 5pm)
o GBP/CHF - 130 pips
o GBP/JPY - 120 pips
o USD/CHF - 110 pips
o GBP/USD - 90 pips
o USD/CAD - 80 pips
o EUR/USD - 75 pips
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3.0 Currency Correlation
Same direction [1w/1m coefficient]
EUR/USD and GBP/USD [0.92/0.97]
EUR/USD and NZD/USD [0.95/0.96]
USD/CHF and USD/CAD [0.96/0.95]
AUD/USD and GBP/USD [0.99/0.94]
AUD/USD and EUR/USD [0.96/0.96]
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Opposite directions [1w/1m coefficient]
EUR/USD and USD/CHF [-0.98/-0.99]
GBP/USD and USD/CAD [-0.98/-0.97]
GBP/USD and USD/CHF [-0.93/-0.95]
AUD/USD and USD/CAD [-0.99/-0.96]
AUD/USD and USD/CHF [-0.96/-0.96]
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Acknowledgements
[1] The dynamic market hours widget is from http://forexmarkethours.com
[2] Most Active Currency Pair by Volume is from http://www.forexmarkethours.com/active_currency/04
[3]The active currency pairs information is from http://www.onlineforextrading.com/learn-trading/active-trading-times
[4] The source for the [2] is further supported in Chapter 5 of this book.
Lien, K., 2005. Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings illustrated edition., Wiley.
[5] Currency Correlation from http://fxtradeinfocenter.oanda.com/charts_data/fxcorrelations.shtml
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Last Updated ( Monday, 08 June 2009 )
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