A more muted tone among major currencies to start the holiday season ...Middle East

I mean it is the holiday period after all. For EUR/USD, there are large option expiries around €1.8 billion at 1.0425. So, that might offer some pull factor on the day. But the rest of the week promises to be much quieter.

That means one can ignore the movements we're seeing in markets during this week as they will be largely influenced by thinner liquidity conditions.

It's the best time to take a step back, review everything, and look to start the new year fresh. To those already enjoying the break, I wish you happy holidays. And to those who aren't, well try and take it easy.

This article was written by Justin Low at www.forexlive.com.

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