The UK and US markets are off today - Forex News by FX Leaders

The UK and US markets are off today

Posted Monday, May 30, 2016 by
Skerdian Meta • 1 min read

Today is the Spring bank holiday in the UK and Memorial day in the US so these markets are closed. This leaves the forex market with almost zero liquidity and not much movement. So, the range today has been very tight in most majors. Apart from a decent move in JPY pairs during the Tokyo session the other pairs have only moved 20-30 pips the whole day today. We had a winning signal this morning but with this sort of price action we don´t expect te get any other trading opportunities.

NZD/USD has only moved 26 pips today

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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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