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Monday 25th May ‘09 | UK & US Holiday

Posted on May 25, 2009 at 8:49 in Uncategorized by Phil Newton

Hi Folks,

May has been a beast of a month for National Holidays and today is a double whammy with both the UK and the US seeing National Holidays.

Usually when either the UK or the US is on Holiday it can be expected that there will be a poor days trading.

Just think about why this might be the case for the moment, The UK and the US sessions provide the largest trading volume in these periods and given that there has already been some reasonable movements during the Asian session the chances are really slim that we are going to see anything significant mainly due to the fact that there are no traders at the trading desks other than skeleton crews.

This doesn’t mean that there cant or wont be any big moves as it would not take a large amount of volume to move a pair today… but what are the chances? I’m not holding my breath and it is typical of National Holidays to see very little action… Also it looks like the Asian session has had all the fun so far today.

So, go and enjoy some family time or a beer with your friends and enjoy the local celebrations that have been laid no in your area.

For myself I will be going to a local military show and maybe a visit to the museum if there is time later.

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