Memorial Day holiday means quiet markets (Video)
|Memorial Day holiday in the US, and with that majority of US traders and financial institutions will be off, leaving the US dollar crosses with potential low volatility. The USD/JPY pair opened today’s Sydney session inside the flat daily Ichimoku cloud and below the pivot level of 111.68. The pair is supported at 110.13. In the EU, ECB President Mario Draghi is scheduled to Speak at European Parliament's Economic Committee at 1 PM GMT which might create some trading opportunity in the EUR crosses. During the next day’s Asian session, Japan’s Jobless Rate (APR) and Retail Trade (YoY) (APR)will be out at 11:30 PM GMT. Jobless rate is expected to remain unchanged at 2.8%. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.