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    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

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    Quiet Day Today!

    By Mike Conlon | January 18, 2010

    Without the benefit of the US stock market trading today, the currency market is meandering around, trying to decide which way it wants to go.  It appears as though there is slight risk-taking, with the commodity currencies up vs. the US dollar (USD) as traders re-establish positions that they had taken off for the long weekend.  The Euro is also weak, but up marginally against USD.

    While there appears to be heightened risk in the world markets, the dollar is not responding that way– yet.  This week all eyes will be on the quality of US earnings reports, as well as any news out of the Euro Zone in regards to the mounting situation in Greece.

    This week is somewhat quiet as far as news events go, with the Bank of England policy meeting minutes, Canadian CPI, and the US Philly Fed highlighting the potential market movers.

    When the US markets reopen tomorrow, I expect to see risk-taking trends continue unless/until some news hits the tape.  But without decent volume today, I’m on the sidelines.

    I’m actually going to do some testing of some automated trading systems we are going to be offering so stay tuned for teh results!

    To learn more about the forex markets, be sure to check out our currency trading courses!


    Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

    Topics: What To Look At In The Market | 1 Comment »

    One Response to “Quiet Day Today!”

    1. Donavan Kerr Says:
      January 18th, 2010 at 7:45 pm

      appreciate your emails.I need you to answer this question for me.is the forex market losing its liquidity? Am noticeing the market is not making those big movement again.Like those 300 and 400 pips like it use to once.by the way can I get a telephon number for you guys. and how long do you think the forex market will go an for? do you think the market is coming to an end.

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