Set ‘em, knock ‘em down…That’s the approach the market has taken to barrier options which in less robust trends can often stall a market. In markets like the one we have had this week they prove to be little more than a speed bump.
Bank Holiday/Memorial Day markets tend to be extremely quiet but this year might be different. Leveraged accounts may take advantage of thin markets to push this trend further.
EUR/USD is consolidating its gains after posting a 1.4051 high on the day.
