Hello,
I've been studying the Forex for a few months now after being in the stock market for many years. The GBPUSD is around 50% more volatile (ATR measurement) than the Euro, Swiss, and Yen. I looked at some historical charts and even when volatility was much higher across the board the Pound always had the largest range.
I also noticed that the GBPUSD trends better than any of the others. Sure...it has trading ranges but less than the other pairs and when it starts to move, there aren't usually too many "bad days" that could knock you out of your trend trade.
Has this always been the case?
It's weird because you hear so much about the Euro but I don't understand the fascination with it.
If I understand correctly, the British aren't too keen on the EU and I can imagine they don't like the Euro much either. Considering London is the financial capital of the world, could this negativity have something to do with the observations above?
For those of you who don't know, they have already started working on a North American Union (U.S., Canada and Mexico) and the early word is we are going to have the "Amero" one day.
Thanks,
Jeff
I've been studying the Forex for a few months now after being in the stock market for many years. The GBPUSD is around 50% more volatile (ATR measurement) than the Euro, Swiss, and Yen. I looked at some historical charts and even when volatility was much higher across the board the Pound always had the largest range.
I also noticed that the GBPUSD trends better than any of the others. Sure...it has trading ranges but less than the other pairs and when it starts to move, there aren't usually too many "bad days" that could knock you out of your trend trade.
Has this always been the case?
It's weird because you hear so much about the Euro but I don't understand the fascination with it.
If I understand correctly, the British aren't too keen on the EU and I can imagine they don't like the Euro much either. Considering London is the financial capital of the world, could this negativity have something to do with the observations above?
For those of you who don't know, they have already started working on a North American Union (U.S., Canada and Mexico) and the early word is we are going to have the "Amero" one day.
Thanks,
Jeff