Market Update – July 3

We wanted to provide a quick market update to our readers and subscribers this morning prior to the opening bell.TraderWith the U.S. 4th of July Holiday weekend rapidly approaching and a scheduled half day trading session today, market volume looks and should remain extremely low.   The lack of liquidity is not our friend and often can be detrimental to your trading.

With that said we here at CAMS will be on hold in our portfolio until after the holiday and resume our trading on Monday morning.

Keep in mind that the currency market will be open all day today and tomorrow, however, with the U.S. session being the largest volume trading session,  trading will be thin and spreads are likely to be larger than normal.  FOREX traders should evaluate position risk and be prepare for a possible gap on Sunday or Monday as U.S. traders come back into the market.

We had some great June profits and will be firing up our scanners on Monday.  Until then have an enjoyable and safe 4th of July.

 

-CAMS