The first day of the week - Forex News by FX Leaders

The first day of the week

Posted Tuesday, May 31, 2016 by
Skerdian Meta • 1 min read

Officially yesterday was the first day of the week, but the UK and US were on holiday yesterday so the liquidity was low and the price action was minimal. Today we started with some mixed economic data. The German retail sales disappointed but the employment came out better than expected and the inflation in France has picked up. Meanwhile, EUR/USD failed to break above the 100 MA at 1.1150 and is heading down again.

The 100 MA held this time

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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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