A quick look at the market before the bank holiday weekend

The financial markets will be closed tomorrow in most of the countries, particularly in the western world so today is the last trading day of the week officially. The US Dollar is closing the week with a positive feeling but we still have to wait for the unemployment claims numbers and the durable goods orders which are due in a couple of hours, because they might change the market sentiment. EUR/USD has been declining steadily all this week following a downtrend line. It has lost two-thirds of the gains which came after the FED statement last Wednesday. Monday will be a holiday again apart from the US, so next week is going to be another short week. 

EUR/USD has been in a very clear downtrend this week. 

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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