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10 A.M.? Time To Sell The Euro, Time-Of-Day Traders Say
If the euro, the dollar and the yen tended to rise and fall at predictable times of the day, could you trade on that? Some strategists and traders think so. They say there are modest but regular gains to be made by playing the clock for those that are attuned to such patterns. Royal Bank of Scotland strategists tracked the euro's intra-day movement against the dollar from 2006 through 2011 and found that the common currency fell by two basis points on average in London morning hours, and rose by three to four basis points in London afternoon to New York morning hours. This trend has been even more pronounced since ... (full story)
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Time turns trend. - W.D. Gann