Trading EUR/USD

[Tokimoa]

Which hours and days of the week are the most volatile for trading EUR/USD

[lizerzoltan]

I think the simplest thing is: get your MT4 chart and do some own reaseach

To answer, i found usually Wednesdays and certain Fridays the most volatile....
About the ours: when major news reliesed, see Calendar for reference

[chinexex]

@ tokimoa,

generally speaking, currency volatility speculation are not quite ascertainable.(sometime volatility maybe due to currency news,price hitting a support/resistance,effect from a counter currency etc)

but with the help of events like market news,economic changes one could have an idea of EUR/USD hours and days of volatility.

just like lizerzoltan said, your personal research will be good to start with.

for me i would say MON-WED......at EUROPEAN/U.S OPEN SESSIONS and MAJOR MARKET NEWS TIME RELEASE are volatile periods

[DollarBull]

Originally Posted by chinexex

@ tokimoa,

generally speaking, currency volatility speculation are not quite ascertainable.(sometime volatility maybe due to currency news,price hitting a support/resistance,effect from a counter currency etc)

but with the help of events like market news,economic changes one could have an idea of EUR/USD hours and days of volatility.

just like lizerzoltan said, your personal research will be good to start with.

for me i would say MON-WED......at EUROPEAN/U.S OPEN SESSIONS and MAJOR MARKET NEWS TIME RELEASE are volatile periods

Pl allow me to add that specific market news such as "nonfarm payroll, consumer price index, consumer confidence, GDP report, Central Bank meetings on interest rates" are some of the most market moving events.

It is best to be out of the market during those times, wait for some 30 minutes for the prices to settle down to recognize the general direction.

[tomo1]

well no hours and days,
it depends but generally around important news the market is more volatile

[liebesweet]

Euro-London open market at least... and not at monday and friday.

[seun_64]

EURUSD - As a loss of upside momentum at the 1.4844 level(YTD high) continues to push the pair lower closing at 1.4620 on Monday and following through lower in early trading today, its nearby support standing at the 1.4514 level (Sept 14’09 low) is now being targeted. If the current weakness drives the pair through that level, we could witness further downside losses towards the 1.4446 level, its Aug 05’09 high where a cap is expected. Further down, a solid support should be provided by its MT rising trendlinecurrently at 1.4280 if the latter level is violated. Its daily studies are bearish and pointing lower suggesting further weakness. On the other hand, in order for its medium term uptrend to be triggered and its present corrective weakness halted, a return above the 1.4844 level must occur putting the next upside at the 1.4875 level, representing its Sept 21’09 high ahead of the its psycho level at 1.5000 and then the 1.5082 level, its Aug 10’08 high.On the whole, though biased to the upside medium term, EUR is now being challenged by corrective weakness with eyes on the 1.4514 level.

[seun_64]

The US Dollar finished the week higher against the Euro and other key counterparts, but a sharply disappointing Nonfarm Payrolls report nearly derailed the nascent Greenback recovery through Friday’s close. The trade-weighted US Dollar Index hit fresh monthly highs near 77.50 just ahead of the release. Immediate declines in the US S&P 500 initially sent the dollar higher, but markets clearly expressed their displeasure with the worse-than-expected payrolls release and sold USD through in subsequent trading. Sudden USD losses complicate our otherwise bullish near-term Dollar forecast, but we continue to forecast further Greenback recovery through near-term trade. Comparatively limited event risk in the days ahead has left volatility expectations lower, but flare-ups in financial market tensions could nonetheless force major moves across USD currency pairs.

Earlier in the week we argued that the US Dollar set an important bottom against the Euro on fairly clear sentiment extremes. US CFTC Commitment of Traders data shows that Non-Commercial traders—a group mostly comprised of hedge funds and other large speculators—remained the most net-long the Euro/US Dollar since it traded near 1.6000 in early 2008. Though sentiment can and does remain extreme for extended periods of time, early signs of EURUSD reversal support our calls for a broader US Dollar reversal. Strong correlations between the US Dollar and key risky asset classes nonetheless leave the currency at the throes of the recent upheaval in the S&P 500. It will subsequently be critical to watch for any signs that the recent equity market tumble is the start of a larger decline.

US Dollar traders should almost certainly keep an eye out for abrupt shifts in risk sentiment, but a relatively empty US economic calendar leaves limited scope for major day-to-day shifts. The notable exception is Monday’s US ISM Non-Manufacturing report, which will shed further light on the state of the domestic services industry. According to 2008 estimates, the Services industry accounts for nearly 80 percent of US GDP. Suffice it to say, any noteworthy surprises in the highly-anticipated report could force major moves in the US Dollar and broader financial markets. Indeed, the ISM Non-Manufacturing survey tends to be one of the most market-moving events on release.

Outside of the ISM report, forex traders should keep a look out for a number of important global central bank interest rate decisions. Uncertainty surrounding Australian, British, and European central bank announcements may make for an interesting run of days across key forex pairs. It is near-impossible to predict how markets to react to any of these important announcements, and as such traders should be sure to control risk on open US Dollar positions.

We have seen early signs of a sustained US Dollar reversal. Yet very recent price action has shown markets were not yet willing to push the Greenback materially higher versus key counterparts. The coming week may prove especially important to overall trends in major US Dollar pairs.

[kasonud]

@Tokimoa..if you are technical guru..13-17gmt is the best time and Wednesday is the best day...but i suggest you should balance your trading like Lizer and chin have rightly said...peace