Calm market very good for scalping !!!
Stop Trading, 2011 Is Already Over
This is the time of the year for trivial pursuits. Currency traders are planning lunches with brokers and going over their holiday gift lists checking them twice to make sure they didn't miss anyone. They don't have time to figure out who Kim Jong Eun is, or to handicap the odds of Standard & Poor's pulling the trigger on its euro zone ratings threat, or even to figure what exactly European Central Bank President Mario Draghi is saying today. Trading--actual trading--is over for the year, and that's the best explanation I can give for why currencies are so rangebound and uninteresting on a Monday that's otherwise ... (full story)