Look for quick opportunities in the crosses when volatility gets extreme by Sean Lee

In my view, most of the recent action has been related to positioning and sentiment in the USD and in the JPY crosses. Yet when the proverbial hit the fan yesterday, we saw big swings in pairs like EUR/GBP and AUD/NZD owhich are basically unrelated to the bigger picture events. These swings are generally reversed once the market settles down, so the more risk averse trader can sit back and wait for these opportunities to develop.

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