Hi,
I predominately trade non US dollar crosses and wondered if anyone had any ideas on deciphering when the legs will be against the cross in question (i.e. sterling/yen), how long for, and how best to react in the situation when the non related cross currency is in control?
For example, this week has been all about the US dollar and consequently, as most of the volume has run usdyen and cable in opposite directions, how best to react, and more importantly, how to be ready, and aware when it stops and reverts to more yen or sterling movements?
Cheers in advance!
I predominately trade non US dollar crosses and wondered if anyone had any ideas on deciphering when the legs will be against the cross in question (i.e. sterling/yen), how long for, and how best to react in the situation when the non related cross currency is in control?
For example, this week has been all about the US dollar and consequently, as most of the volume has run usdyen and cable in opposite directions, how best to react, and more importantly, how to be ready, and aware when it stops and reverts to more yen or sterling movements?
Cheers in advance!
Ignorance, is blatantly, bliss.