Earlier in the week there were a lot of complaints in the Asian market about severely reduced liquidity even in the big pairs like EUR/USD and overnight we saw the US market also suffering. This is typical for end-of-year markets which usually start getting thinner around the US Thanksgiving holiday (just as the traders get fatter!).
We can expect sharper moves in either direction from now on when short-term markets get caught going one way and suddenly have to change direction. I’d recommend adjusting position sizes accordingly.
