Navigating Thanksgiving Liquidity & Preparing for Month-End Flows (EURUSD / GBPUSD)

B

bryan92

New member
Just wanted to start a quick discussion on how everyone is handling the price action (or lack thereof) today.

With US banks closed for Thanksgiving, the liquidity across the majors like EURUSD and GBPUSD has completely dried up. I am seeing spreads widening significantly on my feeds, which usually signals that it is time to step away from the screens. Trying to scalp in this environment is basically asking to get stopped out by random whipsaws.

I am more interested in how you guys are preparing for next week. We are heading into a very volatile mix:

  1. Month-End Fixing flows as funds rebalance for December.
  2. The lead-up to the NFP (Non-Farm Payrolls) data next Friday.
My strategy right now is purely capital preservation. I have flattened all my intraday positions and I am waiting for the London open on Monday to see where the institutional money wants to push the DXY. I feel like the current levels on the Dollar are a bit deceptive given the low volume.

Are you brave enough to hold trades through this holiday liquidity vacuum, or are you sitting on your hands until the real volume returns next week?

Stay safe and watch those spreads.
 
Definitely sitting on my hands today. There is no edge in fighting these spreads when the real volume isn't there. I would rather save the capital (and the stress) for the NFP volatility next week. Good call on stepping away enjoy the quiet day.
 
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