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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (5632)	10/7/1998 8:57:00 AM
From: SBerglowe	Read Replies (1) \| Respond to of 44573

Actually , I notice that the Aussie is way up this AM, and also the yen. A 5% move in Australia is very unusual, so my question is WHY?? Thanks, Tom.

To: Tom Trader who wrote (5632)	10/7/1998 9:00:00 AM
From: Tony	Read Replies (1) \| Respond to of 44573

Um.. lemme jump in, I'm looking at currencies myself also.. Is it possible to make money on intramarket spreads on currencies? Watching the JY for the past few weeks, (and I'm working on backtesting though I only have data 80-96, should be done by tonight), the closing spread between the near month and the next near month seems to hover around 100 pts (~+- 7). The open can just be about anywhere, and intraday it goes all over the place also. Is that something which can be taken advantage of? or does that only an artifact of a lack of liquidity in the far month? Thanks, -Tony