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Forex Trading, Market News & Technical Analysis

U.S. time zone investors most bullish on sterling/dollar

Posted by WorldWideMarkets . on Aug 9, 2013 3:38:00 AM
One major bank made some interesting observations on FX trading in July around the globe. The U.S. time zone had a better correlation to the euro/dollar price direction than Asia or Europe. Investors in the European time zone were more bullish on dollar/yen than the U.S. or Asian time zones. U.S. time zone investors were bullish on sterling/dollar while those in Asia and Europe were bearish. And while investors in all three regions sold the aussie against the dollar, a volume drop in Asia may signal less interest by those investors in selling the aussie lower.   aussie trading
 

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