We would just like to take the opportunity to wish everyone a happy holidays and healthy new year. We will be working next week and look forward to being back on the desk on Monday.
We would just like to take the opportunity to wish everyone a happy holidays and healthy new year. We will be working next week and look forward to being back on the desk on Monday. Price action in the final week of trade is always quite volatile and dangerous due to the illiquid trade and we recommend that all of you who decide to establish positions to trade responsibly and with limited leverage. The USD has come back under some pressure on Thursday, with many market participants looking to lighten up on their long USD exposure into the long weekend.
Read more: DailyFX - Dollar Cools into Final Hours of Trade http://www.dailyfx.com/forex/technical/article/morning_slices/2009-12-24-1258-Dollar_Cools_into_Final_Hours.html#ixzz0ac5s7OTpLooking ahead, US durable goods (0.5% expected), initial jobless claims (470k expected) and continuing claims (5180k expected) are due at 13:30GMT, with anyone left on the desks seen quickly departing following the economic data. US equity futures point to a higher open, while oil and gold go their separate ways, with crude lower and the yellow metal tracking higher.
Read more: DailyFX - Dollar Cools into Final Hours of Trade http://www.dailyfx.com/forex/technical/article/morning_slices/2009-12-24-1258-Dollar_Cools_into_Final_Hours.html#ixzz0ac5t2FJm
