Quote:
Originally Posted by techno791
Are US holidays bad for the US Dollar though? Or is that stuff just coincidence?
Since a hedgefund spiked the Australian dollar stronger on an Australia Holiday several months ago.
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In my experience there is no set rule for holidays or how they effect a market. A holiday is usually never bad or good for a currency--for the US Dollar a holiday is no different. Its pretty much just an extra day of quiet that often occurs. Besides the lack of liquidity or volume which may occur on holidays--most holidays tend to flatten out trading for a currency pair--but the counter currency may have a reaction or be given a little leeway to move but again it depends on the conditions--sometimes a counter currency may just not have any catalysts themselves to warrent any major moves either.. Yes there are exceptions that can happen--sometimes political or other non-economic news can play a factor of speculation..stuff like disasters, earthquakes and so on...
Right now for mid to long term trading--its pretty boring in the markets on all pairs accross the board.. If folks wish to trade or find trades--shorter time frame charts and range trading is pretty much all we are left with right now...but even those are becoming scarce right now IMO...
-w
