Forex Trading News: Consolidation Across The Board
Posted by Mr. Danish FX on Mon, 05/05/2008 - 4:14am in
With the low liquidity in the Forex market due to UK's May Day and Japan's Golden Week, the majors have been consolidating as the London session gets rolling. Upon the market open, the USD did lose some ground in this thinly traded market after making some progress Friday. The New York session could pick things up as the ISM Non-Manufacturing Composite is released at 10:00 AM.
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