Currency

Chris Chung
Currency

 8 Major CCY / 28 pairs

 Straight / Cross pairs
 Spread
 Exotics
 Swap
 Correlation
Monthly Moving Pips
Weekly Moving Pips
Daily Moving Pips
Correlation
EURUSD

 Biggest trading , Lowest spreads

 The EURUSD is heavily impacted by news events such as the NFP, FOMC,
quantitative easing, Eurozone struggles.
 Most of its movement is made during the London session
 Its daily range is about average.
GBPUSD

 Spike up and down, High volatility and big movements.

 Most movement during the London session;
 Often encounters false breakouts; likes to challenge support and resistance;
 High daily range;
 The pair is heavily impacted by news events such as the NFP, FOMC,
quantitative easing, Eurozone struggles.
USDJPY

 Heavily impacted by the big US Dollar news events

 The range often is ultra small;
 No major or large pullback. It keeps pushing and pushing and only pauses for
a smaller bear or bull flag break;
AUDUSD

 Price will keep pushing in one direction but will frequently face pullbacks
before continuing with the trend;
 The AUDUSD is a pair that moves quite a lot during the Asian session;
 The Aussie currency is heavily tied to commodities, Australian exports, and
Chinese economic data (such as import, export, and manufacturing);
 The AUDUSD is therefore also known as a “risk off-risk on” 
EURJPY

 The EURJJPY moves a lot of pips as well: more than the USDJPY but less than
the GBPJPY;
 It is more suitable for all types of traders;
GBPJPY

 Nicknamed the Beast! Ferrari!

 Very high volatility; High speed of movement
 Not recommend for beginner
EURAUD/GBPAUD

 Big movers; roll up and down quickly;

 Trending mode which lasts for quite a long time.
USDCAD

 Nicknamed the Loonie, apparently because of its crazy moves up and down;
 Oil-related news events.
USDCHF

 There is historically high correlation with the EURUSD;

 Risk off currency
EURGBP

 Slow-moving pair , low levels of volatility;

 occasional nasty spikes.
 The End
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