How do you read an overnight move?

You wake up to a 60-pip move with no obvious catalyst. Before trading the aftermath, the move needs a story: was it data, a headline, flows or just thin liquidity?

How do you read an overnight move? — trading sessions clock diagram
The four forex trading sessions across a 24-hour day

What's your process?

  • how you reconstruct what happened overnight
  • the sources you check first
  • how the story (or its absence) shapes your day
How do you read an overnight move? — pip movement diagram
How a pip moves the exchange rate

The calendar and the sessions page are the starting points.

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