Forex trading ranges have exploded over the past few months. The daily average trading range has doubled for all of the actively traded currency pairs in 2008, with some currency pairs even seeing a 200% rise in their average daily range.
However the big explosion in volatility has actually happened in the past 9 weeks. [...]

Posted in Day Trading Currency, EURJPY, Forex News, Forex Technicals, New Zealand dollar, USD/CAD, currency trading ranges, eur/gbp, eur/gbp record high, eur/usd, forex blog, forex book, fx trading ranges, usd/jpy 8 Comments »

EUR/GBP hit a record high of 0.8740 today. The currency pair has been on a tear, which is not much of a surprise given the Bank of England’s aggressive interest rate cuts. The European Central Bank has not even cut rates by half of the amount that the Bank of England has cut [...]

Posted in Bank of England, British Pound, ECB, Forex, Forex News, Forex Technicals, ecb rate cut, eur/gbp, eur/gbp record high, eur/usd, forex blog 2 Comments »