Here is what you may want to be aware of before trading Forex

December 30, 2016

FXGiants - Today's Market Movers.

Here is what you may want to be aware of before trading Forex

This article is originally referred from FXGiants Facebook

  • Euro jumps amid thin liquidity conditions.
  • The common currency spiked higher against its major peers in early Asian trading.
  • No fundamental story behind the move.
  • Thin liquidity market conditions and perhaps some end-of-year portfolio re-balancing may be behind it.
  • Considering that liquidity is likely to remain very thin in coming days, we may see similar moves occurring.

As for today’s indicators:

US: Chicago PMI for Dec. is exp. to decline somewhat. Usually not a major market mover, but in such a quiet day, it could give USD bears an excuse to push the currency a bit lower.

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Original Source: FXGiants Facebook

Hercules

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