I like to know the reasons why currency pairs gap up or gap down at the start of the Asia session today (23APR)…
Very nervous to see the gap… some 20pip+
By the way i have no position.
The asia session always tends to be volatile [not a quick fast rule], at least when the market opens and closes. And remember, the asian session can set the trends for the rest of the business day…
You must get nervous every Monday because currencies gap up and down after every weekend.
The gap you see is due to your broker not showing you the market moves when the price feed they share is turned off. The price does not really gap. The big players will get in before the market “opens” they do this to take out stops from last week and to build positions. The market volume is very very low on the week end and it does not take much of an order to move the chart. Its just asking to be manipulated by anyone that can and can do it in a way to make some money. Some of the week end action is non speculative also and with the market volume so low a big currency transaction by a large company or government can also move the price.
The only broker I know that has a 7 day feed is Oanda there are no gaps on an Oanda chart. If you want to trade FX weekend gaps I would recommend getting an Oanda demo account to chart the gaps. Or even a real account if you want to get in the market before it “opens” just watch the spreads.