Home > Uncategorized > Update May 17th Forex Trading Quiet on Ascension Day

Update May 17th Forex Trading Quiet on Ascension Day

ForexTradeGains.com – No European Data

A very quiet night of trade in the currency market due to Ascension day holiday in Continental Europe with EUR/USD consolidating its recent losses while cable saw more selling pressure on some dovish comments by David Cameron.

With no economic data in European session currencies marked time after seeing a small rally in risk during Asian trade in the wake better than expected Japanese GDP numbers. Markets started flying after the Philly Fed Manufacturing Index was announced. We took some very nice profits from that.

Phone: 423-523-9911

Additional Reading:

Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies
The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start (Wiley Trading)
Kindle Fire, Full Color 7″ Multi-touch Display, Wi-Fi

  1. May 21, 2012 at 1:36 pm

    I’ve found youre article on my iPhone 4 Kopen and i wanna say thanks for it! It’s a nice blog you have over here! I’ll visit it more in the future! Thanks, Frank

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