web analytics

In my last post, I looked at intraday activity in stock indexes; I had a few requests to repeat the same work, showing time of day influences–intraday volume (tick volume) and trend strength–for a handful of major currencies.

I’ll just present the charts here without much commentary, as the patterns are probably less significant, in many ways, than they are in stock indexes. A few thoughts:

  • It is easy to see the session opens that dominate trading in these currencies.
  • The primacy of the US market is also clearly visible. Perhaps this is an effect that will change over the next ten years, and it certainly is worth watching.
  • The question of trend strength by time of day is more complicated, as it probably responds to a complex web of session openings and closings, scheduled news impacts, and action in related equity markets.
    • It is, at least, possible to identify best and worst trending times of day, and these will come as no surprise to currency traders.
  • In general, these effects may be less important and less significant for currency traders than they are for stock index traders.

eurjpy trend eurjpy vol eurusd trend eurusd vol usdjpy trend usdjpy vol