Currencies
14 articles

USD/CAD: how much does it move, when, and what moves it?
The most uneven day in the series: a best hour worth 3.5 times the worst, and 67% of the range inside four hours. The only major with both currencies in one time zone.

GBP/JPY: how much does it move, when, and what moves it?
Close to close it moves 55 pips against USD/JPY's 53. The beast reputation is intraday range, not displacement. A derived series, and we say so.

GBP/USD: how much does it move, when, and what moves it?
An 80-pip median day and only 5% of sessions under 40. The same clock as EUR/USD, turned up. Measured on 521 days of our own price history.

USD/JPY: how much does it move, when, and what moves it?
The only pair in the series with two peak hours: at 00:00 UTC it delivers 96% of its best hour. A 112-pip median, measured on 521 days of our own data.

USD/CHF: how much does it move, when, and what moves it?
The calmest of the five majors: a 53-pip median and 24% of days under 40. Its −0.83 against EUR/USD is the strongest relationship in the series.

EUR/USD: how much does it move, when, and what moves it?
A 64-pip median day, 61% of the range inside four hours, and a 0.80 correlation with GBP/USD. Measured on 521 days of our own price history.

The RBNZ Just Hiked for the First Time in Three Years — What Does It Mean for the Carry Trade?
The Reserve Bank of New Zealand's first rate hike in three years widened the interest-rate differential at the heart of the carry trade. Here's what a hawkish RBNZ means for the NZD — and why a rising gap, not a wide one, is the real signal.

GBP/JPY's Rally: A Textbook Case for Currency Strength Trading
GBP/JPY's surge to 18-year highs is a clean example of pairing the strongest currency against the weakest.

The Yen Carry Trade Is Back — and the US-Japan Rate Gap Is Why
A widening gap between US and Japanese rates has revived the market’s favourite — and most dangerous — trade. Here is how it works, and what could break it.

China's Ban on 20 Japanese Firms: The Quiet Channel Into the Yen
China has blacklisted 20 Japanese entities in a dual-use export crackdown, per InvestingLive. It is the kind of geopolitical headline that rarely moves a pair on impact — but it…

USD/JPY Near 162: The Yen's 40-Year Low and a Failed Intervention
The yen has slid to 1986 levels and a record intervention failed to stop it. Why the US-Japan rate gap, not the chart, is in charge of USD/JPY.

USD/CAD: Trade, Energy, and the Fed–BoC Divergence
The Canadian Dollar is under pressure from three directions — a dominant US Dollar, soft oil, and trade worries. How those forces stack up in USD/CAD.

USD/CHF: A Hawkish Fed Meets a Dovish SNB
A clean central-bank divergence is the cleanest story in FX right now — and it favours the Dollar over the Franc.

Currency Strength: Trade the Strongest Against the Weakest
A currency pair is a tug-of-war between two economies. The cleanest trends come from pairing the strongest currency against the weakest — and a strength meter is built to find exactly that.
