Sunday, August 15, 2010
No much activity recently, I need some time to clean my mind and plan the new season. Today I was just watching charts of eur/usd and eur/jpy, side by side,on same time periods. A very obvious remark : Eur/jpy had lost most of his shine. The leader now is the euro-usd pair. It is as spectacular as it was the former in the near past. Eur/jpy is a follower now. It cannot lead the movements, its moves are only adjustments of price between eur/usd and usd/jpy. Given also its erratic summer behavior and the bigger spreads, it is maybe time to trade eurusd. But I always have a look on eur/jpy's ADX, to catch the (fewer) high volatility periods.