Currency trading on the FX market

Overnight, the forex trading was relatively quiet. Small changes were made in most major currencies pairs, but, really, just about everything was rangebound on the FX market.

The euro made very small gains against the U.S. dollar, while the pound lost ground to the greenback. The moves were tiny, though, and little significance has been attached to them.

Indeed, as the end of this holiday week approaches, trading is thin and irregular. There is some optimism that economic recovery will be approaching, and that is pressuring gold prices to a certain degree and expected to help the U.S. dollar. But for now, small movement is all that is expected.

See Also

• Looking for Trends in Forex Trading
  Currency trading on the FX market