if high impact news of a currency is good or better than expected, How will you compare it with another currency for trading? on what factors you call the other currency as weaker than the currency you are comparing it with?
You aren’t questioning properly. The righ question should be about economy.
When we are discussing about currency pairs, we are talking about economies of it countries. Firstly, we should remeber one thing: markets discount everything (dow theory). So, what we see is the current price being traded. If a number, as GDP comes good for Japan, as happened today, that sounds good for all pairs with JPY.
Maybe it could be hard to identify when lots of numbers come to us. But it rarely occur because the time difference among countries.
Thanks for sharing this info with us.
If you meant strong weak analysis, technical speaking, I have adopted a way to know by comparing the smoothness of one currency pair chart to its positive correlated currency pair chart. The smoother the chart the more stronger it’s currency pair and the more likely it will generate more pips than its positive correlated currency pair. I don’t know if anyone has viewed it this way.