The most illiquid time of the day in the FX market is the two-hour period just after the NY close when Australia and New Zealand are pretty much on their own. If you see some sharp 10/15 pip spikes in any currency pair during this time, then its probably an Algo fund trying to push the market around for a very short-term profit. They usually pick on more illiquid pairs like cable and USD/CHF, as all bullies like to pick on weaker opponents.
Don't miss a thing - get a daily digest of ForexLive.com articles sent directly to your inbox every 24 hours. Subscribe today and also receive Adam Button's 8 Secrets to Trading the News.
* indicates required. By subscribing to this form you opt-in to occasional messages from our partners.
- Jordan on How Switzerland gets away with blatantly manipulating its currency
- Florian on When the crooks get crooked who can you trust?
- Andy on Obama to make statement at 12:45 pm ET – White House
- zeke on How Switzerland gets away with blatantly manipulating its currency
- Goerge edie on AUD/USD traders are beginning to see the most important part of Stevens’ speech