A quiet start of the second week of May - Forex News by FX Leaders

A quiet start of the second week of May

Posted Sunday, May 8, 2016 by
Skerdian Meta • 1 min read

It´s been quiet so far this evening, or morning if you are in Eastern Asia. The range in most forex pairs has been 15-20 pips so far and it´s not looking like it will get any wider anytime soon. We´ll wait for the London session to start in order to see if the price action will change in the forex market but the market sentiment will be the decisive factor because the economic data is extremely light this week.  

The 5-minute chart shows an extremely narrow range comparing to the previous trading sessions

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About the author

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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