WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Monday has Appalling FX Volumes

Posted by WorldWideMarkets . on Oct 15, 2013 3:11:00 AM

It may have been the closing of the U.S. bond market on top of a market holiday in Japan alongside reluctance to make big bets one way or another in case the U.S. Congress happened to reach a budget and debt ceiling deal but volume on Monday was appalling.


Trading volume in euro/dollar was the lowest since April 1, dollar/yen the lowest since May 6 and in aussie/dollar since March 29.


The market holidays will pass but it may take the U.S. government getting back to work and a make up in lost productivity to get the trading climate back to normal. As it is, there are not that many trading days left until the end of the year.  trading volume

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!