It has been a quiet week in the markets so far and even as we come to the U.S. open as I write these words, the markets remain quiet. This might change later today, but as there isn’t much news right now I thought I would write about a few fruitful places traders might be able to find trending currency pairs to exploit.
I didn’t post yesterday as it was a very quiet Monday with not much going on in the market, and I knew anyway that after last night’s debate of the two major U.S. presidential candidates I probably would have something to say, so here it goes.
Last month The Bank for International Settlements released their latest
Yesterday the Federal Reserve made its monthly announcements, which included the news that its interest rate would be left untouched, as well as some economic forecasts.
The big day is finally here: within a few hours, we will all know whether the Federal Reserve is raising interest rates this month of September. It has been the major topic of fundamental debate in the Forex market for quite some time now.
Over the past few days I have been writing about strategies that buy the currencies that are going up the most strongly and sell the currencies that are going down the most strongly.
I thought I would continue from yesterday and try to conclude what I was writing about: an academic study testing “best of” momentum, where we look at a whole bunch of currency pairs and buy the one that has gone up the most over X months and sell the one that has gone down the most over X months. Hold for 1 month.
Yesterday I wrote about a basic strategy that has been proven to “work”: “best of” momentum, where we look at a whole bunch of currency pairs and buy the one that has gone up the most over X months and sell the one that has gone down the most over X months. Hold for 1 month.