Forex Blog: Currency Trading News & Analysis.

December 25th 2006

Calm descends on forex markets

This year has been a tumultuous one for financial markets: US equity markets soared to all-time highs, bond markets were turned upside-down as the yield curve became firmly inverted, and the USD dropped 10% or more against many of the world’s currencies. Forex traders are resting easy this week, which is perennially one of the slowest of the year. The markets are functionally closed, as most market participants are on vacation, and those who remain are evaluating the performance of their portfolios in 2006 and/or mapping out their investment strategies for 2007. In short, you can expect low volatility over the next week or two, before a spate of economic data and central bank meetings kick of the new year in January.

Read More: Major currencies rangebound as Christmas torpor settles on market

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Posted by Adam Kritzer | in Investing & Trading, US Dollar | No Comments »

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© 2004 - 2018 Forex Blog.org. Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.