|
PureBytes Links
Trading Reference Links
|
> Aongus:
>
> Well, since the best long-term data [existing pre-1980] was kept by
> sources like the New York Fed, most cash traders called the 'start'
> of the trading day in 24 cash charts as the start of trading in New
> York. And then New Zealand, Australia, Hong Kong and Tokyo markets
> became actively traded and so the start of trading then became the
> New Zealand opening [which happily coincides with the close of New
> York].
FOREX is a 24 hour market which trades 5 days a week - there are even
some bank open over the weekend and I cant rare quotes on majors on
saturdays and sundays, but you cant count that as FOREX.....
so FOREX starts monday morning local time in Wellington, while some
banks from other time zone already join in, as the love <g> to start
working at 0300 am their time....moves through fareast
(overlapping) into europe (overlapping) over to US and back
(overlapping) into wellington until about 1700 US time friday
afternoon where the wheel finally stops after nearly 120 hours
endless trading.....
therefore making a EOD chart on FOREX - to me - is a sience as their
is no End Of Day.....
> The source of FX data depends on what frequency and what length of
> data and what currencies you are seeking.
In professionell terms their is no way without REUTERS who have the
FOREX market and their price contributors banks in firm hands
> When selecting a source,
> if possible, don't rely on one bank, but rather try to get a
> blending, which in the cash market simulates the effect of what
> you'd get from the exchanges.
Data vendors never offer FOREX data from just one bank but from
multi-contributors.
rgds hans
> Tim Morge
>
> aogorman@xxxxxxxxx wrote:
> >
> > Hi All,
> >
> > Most testing we do is on equities and futures contracts that are exchange
> > traded and as such have universally accepted open, high, low, close
> > numbers. Backtesting Forex markets is much more difficult for two
> > reasons a. conventions as to when exactly a currency cross opens and b.
> > available sources of forex data.
> >
> > Does anyone have any opinions on the either of these points or perhaps
> > could anyone point me in the direction of sources of historical forex
> > data?
> >
> > Kind Regards,
> >
> > Aongus O' Gorman
>
~~~~~
....and bear in mind
that high reward does not come without its partner high risk !
|