I am a newbie to FX. There are two words which confuse me when I read FX report. I alreay hear people saying things like “AUD spot starts soft” or “spot market is quite heavy today”. Does soft mean “low” and heavy mean “high” or something else?
Thanks very much for you time and answer.
In the context of how you’ve used the terms “soft” would generally be taken to mean weak, and “heavy” would imply biased to the downside. In other words, they both basically mean about the same thing. It has nothing to do with volume in all likelihood, unless volume or “flow” (or something like that) is specifically mentioned.