I'm curious if anyone knows what sort of order size it would take to create a noticable price move in a pair like EURUSD or GBPUSD during normal hours such as the London session. I know liquidity is massive in these pairs, but certainly at some point(such as central bank intervention), order size does move price significantly. For example, would a 100 million order do it, or would it take 1 billion?
When I say noticable price movement, I guess I'm thinking something like a 10-15 pip spike. Not huge, but noticable. Thanks!
When I say noticable price movement, I guess I'm thinking something like a 10-15 pip spike. Not huge, but noticable. Thanks!