Tuesday, September 15, 2009

BigBen Strategy - The Logic

This article is a continuation from previous Big Ben Strategy post
The logic
As mentioned, the pound/dollar rate tends to have lower trading volume outside European/London trading hours because the majority of GBP/USD spot deals are worked through U.K. and European dealers. This gives the European/British interbank community tremendous insight into the currency pair’s actual supply-demand picture. [...]

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