What Could Threaten Stability In The Forex Market?

With no U.S. economic data on the calendar, it has been an extremely quiet day in the forex markets. Despite the lackluster move in U.S. equities and the fact that many of the major currency pairs ended the day unchanged, traders remain optimistic. We know that the mood in the financial markets is healthy with a dash of caution because gold prices fell more than 1 percent, its steepest slide since February 4th, bond yields increased while the VIX hovered near 22 month lows. After Friday’s better than expected non-farm payrolls report, traders certainly have no reason to be overly pessimistic and with no U.S. economic data on the calendar tomorrow, traders will most likely have to endure another quiet North American trading session.