Characteristics of main currency pairs
Most liquid current pair with an average broker Spread of 0.5 to 2 pips.
The daily average range of 80 to 100 pips, below 70 pips is less than 10%
The best time to trade is London Time .Is best for position trade.
Factors which affect EURUSD is the interest difference between the European bank ,ECB & the Federal Reserve FED Dollar higher , strength drive EURUSD lower.
FED intervention to weaken the Dollar and drive EURUSD higher
Average Broker Spread 1 to 3 pips
The daily average range 80 to 100 below 70 pips is lass than 10 %
Best time to trade is London Session. is ranging in Asian session, 90% of the time move less than 30 pips with first 3 hours of Asian ( 11.30pm – 2.30 am GMT)
Factors which affect GBPUSD is the interest rate differential between the Bank of England ( BoE ) and the Federal Reserve
High yield and attractive growth in UK drives GBPUSD higher.
Very quite during Asian Session, usually from the 00.00 market open to 05.00, sometimes even no move at all.
Many spikes up and down after Europe and London open, often Move about one hour impulsive on 5 min chart