Pair Anatomy
6 articles
What drives each currency pair? What hours is it genuinely alive, and how much does it actually move? One pair per entry, measured against our own price history.
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.
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.
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/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.
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.
