The market overview lets you quickly compare price movements on different timescales.
The overview shows three gauges, for the price movement during the last 60 minutes, 24 hours, and 5 days.
Each gauge shows the current price in relation to the high-low range (with prices). A gauge which is
mostly blue means that the current price is towards the top end of the range; orange means that the price
is towards the lower end of the range. The inner bar then shows the open price for the period, and the
corresponding % change.
Below the gauges are three simple candle charts, letting you compare short-term market activity on
the M5, M15 and H1 timeframes.
The EURJPY pair is the abbreviation of the Euro against the Japanese Yen. The Yen is a historically
low-yielding currency, making an attractive vehicle to fund carry trades where traders borrow cheaply
in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times
of optimism about global economic performance and stability; and avoiding them at times of market stress.
This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair usually finds
volatility in economic news related to the Eurozone debt crisis as well as the extraordinary anti-deflation
policy efforts from the Bank of Japan that were introduced in 2013.
Challenges