Christmas, Currencies & Egg Nog

kevinmhughes

It’s the week of Christmas and most traders are taking off from trading to spend time with their families and loved ones.  For the 1st time in my life, I am actually not traveling to visit anyone so I will be happily trading.

As usual, with any market that has less traders, the liquidity is pretty scarce.  I don’t believe there will be any major moves but with the less liquidity, I do believe we may see some whipsaws along with some stop hunting done by some of the bigger hedge funds.

I do believe with some of the bank woes for small biz & debt inside the gov’t the $GBPUSD will weaken some into Christmas.  As for the $EURUSD, I don’t believe there is going to be any earth shattering moves here…  It will probably just be a tug-of-war (or more like a cat fight) for this whole week.

I do believe with every country on the other side of the Atlantic trying to grab their piece of the oil game there may be something that can trigger a trend reversal very violently which would through my thesis out the window.  I personally will be just trying to play some mini breakouts a collect small pip amounts through out the day.

Further $USDX strength going into the Holidays.  Hopefully Dubai (or any other country) will come out with some news that will send the markets into a tail spin on Christmas.

Good Luck trading!

If you have any questions about this post or any other post by @KevinMHughes, please feel free to email him at [email protected] or check out the company at: www.hughesincorporated.com


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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