Look like the market has pretty much called it a day ahead of what is a long weekend for many in the US. Banks will be thinly staffed on Monday with schools closed for the Columbus Day holiday. ForexLive will be humming along as normal come Monday, however.
The risk for this afternoon is that some scribe will stick a microphone in front of a rogue Finance Minister and we could get what I like to call a “tape bomb”, or an unexpected headline…
EUR/USD is consolidating in the 1.3930 area after a very volatile morning. Sell the rallies to lighten up longs is my best guess.
