Take Care, Thin Liquidity Ahead
Skerdian Meta • 1 min read
His morning there was some considerable action in the forex market, not a lot but enough for us to have a couple forex signals in our account. Yes, we´re exploiting USD/CAD as much as we can.
But that was about it. The US is off today for Independence Day and London session is about to end, so liquidity is drying up fast.
The price action is getting slower, so our forex signal in USD/JPY might have to continue into the Tokyo trading session.
However, don´t get fooled by the slow price action. Sometimes there are some pretty violent moves when liquidity is the thinnest. A hedge fund or a bank might decide to invest in a certain financial instrument or just make a simple international payment and everything goes haywire.
So, don´t rule anything out and keep stops tight. After all, if the market is going to be quiet you won´t need large stops.
New Instruments in Our Forex Signals Service
We’ve recently incorporated some exciting new financial instruments into our trading signals service -gold and crude oil. We will add more instruments soon, such as CryptoCurrencies, so keep an eye out for analysis on these new instruments.