G’day Surfers, Oh bummer – it’s another Holiday Monday!!
The perfect imitation of a Bungee cord was how Friday traded. Our Support Trendlines provided the perfect boundaries for Price Action but of course, it being Friday, no trading for us.
In deference to President’s Day in the USA, we will not be trading today. In fact the reason we don’t trade on a US Bank Holiday is due to expected low liquidity in the market. This can be the cause of either no market at all – OR – highly volatile but unreliable price swings. Much safer to enjoy an extended weekend – the market will still be there tomorrow, when it will be much safer to trade.
The Day Ahead
Given that I can’t quite make out the material my desk is made of – I had best clear it!
High Impact News
|All Day||USD||Bank Holiday|
|3:30pm||EUR||ECB President Draghi Speaks|
Make the Most of Meandering Monday