- Currency markets during near-standstill in skinny holiday trade
- European, US news-flow offers small procedure for activity
- Low appearance can boost remarkable knee-jerk volatility
Currency markets are near-standstill as liquidity stays wanting and a few marketplace participants indeed profitable courtesy in a inter-holiday peace are reticent to dedicate to a instruction until a calendar turns to 2017. A near-empty European information calendar will do small to enthuse activity.
Looking serve ahead, there seems small reason to consider that US home sales total will shake things lax after an impressive consumer certainty reading upheld mostly neglected yesterday. The formula will substantially meant small for Fed process bets as officials concentration on a on-coming regime change on a mercantile side.
As noted previously however, a still might give approach to visual reversals bookending 2016. Any such moves could be farfetched by low appearance levels, creation for remarkable spikes of volatility. With that in mind, traders would be correct not to take stream peace for granted.
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— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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