Christmas Trading

F

forexcranium

the trading volume is going to be extremely thin this week...so what does that mean? That can mean anything...it can mean very much muted moves, or extreme moves either direction. Depending on your broker, that could also mean a lot more extreme spreads and slippage than normal. New Home Sales is not that strong of an indicator and needs a lot of deviation in order to move the market. Existing home sales and consumer confidence have a 50/50 chance of conflicting. And you don't want to be trying your luck with conflicting reports during such thin volume :)


Happy Holidays everyone :)
 
Not too sure. I know that there are plenty of reports lined up for the new year...but I think its going to be pretty quiet.

Be good for me anyway, time for a break :)
 
Yea, kinda sucks for us still trying to trade over these holiday seasons. I personally use Oanda to trade just because of the low start-up cost, but their pip spreads have risen to 10 for even the major currency pairs.
 
Quote from siki13:

Well i decide to not trade GBPUSD today and look what happened; 150 pip up without any pullback.
Amazing!
More...

and the euro? similar move?

thx
 
Well, for Christmas I just deposited 5k more into my Oanda account, and put myself on the waiting list for the SNW. Anyone used it? I think the charge is something like 999/month. I figured I might as well blow my money on more Forex stuff :)
 
Quote from illiquid:

I don't know if that gbp quote is accurate.
More...

I don`t know what the hell is going on
It`s back down now ,but the quote should be regular because it was on cnbc yesterday 172+ (0.88%)
EURUSD didn't move nothing
 
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