The upcoming New Year will divide the next week into two parts – until January 1 and after. This will lead to a sharp decrease in foreign exchange trading volumes until January 1 and their intensive growth for the two remaining working days of the week.
New Year’s holidays is a time of unexpected trends created by a thin market or excess liquidity, when large players move capital between stock markets using currency exchange. Weekly trading will take place in a vacuum of news, which will sharpen the attention of speculators to any unplanned events or the words of high politicians and major economists.
Happy New Year 2020! We sincerely wish you success, prosperity and good mood!