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Today should be a relatively calm trading day, with U.S. markets closed for Memorial Day, and with London closed down for a bank holiday. Once markets in Germany and France close, it is unlikely that we will see much movement.
However, warns GFT’s Kathy Lien in FX360, this should not be mistaken for a permanent situation. The forex trading forecast calls for a very volatile week, once Monday is over and trading resumes as normal on Tuesday:
Traders should not mistake the expected dip in volatility on Monday for a quiet trading week because it will be the calm before the storm.
