Hello Traders
As you noticed yesterday the market seems like was sleeping, some currency pairs had choppy market some barely had some volatility .As we know banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility;
In Fact the bacics pairs had a low volatility .The Swiss ,,The French ,The German Banks were closed because of Whit Monday or Pentecost Monday (also known as Monday of the Holy Spirit is the holiday celebrated the day after Pentecost a movable feast in the Christian calendar. It is movable because it is determined by the date of Easter .The Britain Banks were closed for the Spring Bank Holiday and Usa Banks of the memorial day .
Sorry we are closed ...
Have a nice day and a lot of pips for you
As you noticed yesterday the market seems like was sleeping, some currency pairs had choppy market some barely had some volatility .As we know banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility;
In Fact the bacics pairs had a low volatility .The Swiss ,,The French ,The German Banks were closed because of Whit Monday or Pentecost Monday (also known as Monday of the Holy Spirit is the holiday celebrated the day after Pentecost a movable feast in the Christian calendar. It is movable because it is determined by the date of Easter .The Britain Banks were closed for the Spring Bank Holiday and Usa Banks of the memorial day .
Sorry we are closed ...
Have a nice day and a lot of pips for you
