-
US Dollar Risks – Impeachment, Data, North Korea
It should be no surprise that trading was quiet on Monday, which was the last full day of for the markets before the Christmas holidays. For anyone who hasn’t taken the next 2 weeks off, its half day for most traders on Tuesday with all markets closed on Wednesday. Although US markets reopen on Thursday, many European and Asian markets remain closed for Boxing Day. Less participation means less liquidity, which generally leads to tighter trading ranges but it can also provide the perfect backdrop for violent breakouts. That was the case in 2019 when USDJPY dropped 4% in a matter of minutes on Thursday January 3rd. ... (full story)