On January 2nd, Jens Naervig Pedersen, a foreign exchange and interest rate strategist at Danske Bank, stated in a report that global market liquidity is expected to remain thin this week but may improve next week. The strategist noted, "Looking ahead, market liquidity should improve next week as more economic data is released." Key data next week includes important US labor market data, such as the December non-farm payroll report released on January 9th and the ISM survey. Year-end typically sees many market participants on holiday or closing positions, leading to lower market liquidity. (Jinshi)
Viewpoint: Global market liquidity is expected to rebound next week.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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