Trending nature of currencies

Major currencies are still dominated by central banks, national financial policies and macro trends. This means that currency traders enjoy markets that have a greater tendency to trend than most markets. I have seen some compelling data on this trending characteristic of the currency markets. (Special note – if anyone has seen recent data on the trending nature of currencies, please let me know at drbarton@iitm.com. Most of the research I have is a few years old.)