Trading Black Friday
Skerdian Meta • 1 min read
Yes, today is Black Friday, Easter Black Friday that is, which is obviously not the same as the black Fridays, Mondays or Tuesdays that we´re used to see in financial markets when the market crashes.
Most of the big financial centres are closed today, apart from Japan. Singapore and Hong Kong are closed as well, but I suppose it´s a Commonwealth thing. Europe is obviously closed as well, but we expect some important economic figures later on from the US.
The forex market is as quiet as it gets, but I can see a soft tone in USD. All major currencies have made gains against the Buck, albeit small, apart from the Aussie, which is where we have an open forex signal. Let´s hope AUD wakes up and gives it another push before all forex traders head home for their Easter holiday.
By the way, this is the Catholic & Protestant Easter, because the Orthodox Easter which is celebrated in Easter Europe comes a few weeks later.
So, it´s holiday in most of the world and the market is expected to be quiet, but we´ll stick around to look for any trading opportunities should it arise. As I said, we have the US inflation and retail sales numbers in a few hours so perhaps that will spark a few moves.