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Low Volume Trading Before Christmas Eve

By:
FX Empire Editorial Board
Updated: Mar 5, 2019, 13:24 UTC

Still the market is facing low volume trading, as investors are entering the holiday season, one day only to Christmas and trading is becoming thinner and

Low Volume Trading Before Christmas Eve

Still the market is facing low volume trading, as investors are entering the holiday season, one day only to Christmas and trading is becoming thinner and the market’s movement is limited in tight ranges, yet with some appetite for risk.

And despite the slowdown in US economy’s growth during the third quarter, and despite the report that came today and showed a lower than expected income and spending in the US economy, nevertheless, jobless claims declined to the lowest level since April 2008, so investors felt optimistic again before Christmas.

Noting that Asian stocks ended today’s session in green, where the European and American stocks followed the incline till now as optimism was spread among traders.

In Europe DAX jumped nearly 0.3% while CAC 40 rose by 0.8%, on the other hand, the euro returned to the opening levels trading around the 1.3037 level compared with the highest level today of 1.3095, while the pound dropped to trade around 1.5655 level.

The yen is trading around the 78.12 level. The AUD rose trading around the 1.0138 level. The CHF is inclined slightly trading around 0.9377 levels, on the other hand, the USD returned also to the opening levels trading around the 79.99 level.

As markets returned to the mix view, gold didn’t change to trade around the $1608.07 level from the opening at $1605.78, while oil is trading around the $99.68 per barrel level.

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