New York FX Traders Are More Bullish the Dollar Than Londoners
- BofA finds U.K. trading more bullish on pound, bearish on euro
- Analysis shows wide discrepancies in FX trends across regions
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Depending on where you’re trading in the world, the sun might shine a little differently on certain currency pairs.
That’s what Vadim Iaralov, an FX strategist at Bank of America Corp., found while analyzing the dominant geographic regions for dollar, euro and yen cross trading during the first half of 2018. After using statistical analysis to identify the key time-zones for each pair -- those that best capture most of the spot trend -- he set out to determine how performance in those periods compared relative to the rest of the day.