The first Monday after the release of the U.S. nonfarm payrolls report (NFP) is historically the least volatile day of the month. So far, this first day of North American daylight savings time is holding true to form. However, there are a number of subplots that are very much capable of widening this rather contrived foreign exchange (forex) trading range. Once the stranglehold of forex options expires, this market will become exposed to more noise.
The first Monday after the release of the U.S. nonfarm payrolls report (NFP) is historically the least volatile day of the month. So far, this first day of North American daylight savings time is holding true to form. However, there are a number of subplots that are very much capable of widening this rather contrived foreign exchange (forex) trading range. Once the stranglehold of forex options expires, this market will become exposed to more noise.
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