Hello,
I know FX Spot is decentralized, but how are the banks agreeing on a price for a pair? There has to be some central place which calculates the price. I'm sure there is never a great difference between prices - like Goldman Sachs quoting EUR/USD at 1.2450/51 and JP Morgan quoting at 1.2465/66. They are most of them time very similiar.
Also, does anyone know how price really moves? Supply/Demand, more buyers than sellers...I know. But the real mechanics behind it. How is a price move calculated. What has to happen that EUR/USD moves from 1.2550/51 to 1.2552/53/?
Thanks
I know FX Spot is decentralized, but how are the banks agreeing on a price for a pair? There has to be some central place which calculates the price. I'm sure there is never a great difference between prices - like Goldman Sachs quoting EUR/USD at 1.2450/51 and JP Morgan quoting at 1.2465/66. They are most of them time very similiar.
Also, does anyone know how price really moves? Supply/Demand, more buyers than sellers...I know. But the real mechanics behind it. How is a price move calculated. What has to happen that EUR/USD moves from 1.2550/51 to 1.2552/53/?
Thanks