Written by FastBrokers House
It has been a very similar day to yesterday with one sharp move higher in the EUR/USD mid-morning and otherwise the markets stayed unmoved.
EUR/USD spent much of the morning session below 1.3100 with crosses like EUR/CHF and EUR/AUD making new historical lows in the last 24 hours. There was a sharp 50 pip move higher from 1.3085 to 1.3135 which would not have needed much impetus as liquidity is again very poor. EUR/USD has consolidated for the last few hours and at times hasn’t traded for extended periods as interest diminishes. Ranges: EUR/USD 1.3082/1.3142, EUR/CHF 1.2534/85
AUD/USD moved to session highs as the EUR/AUD selling dominated in early trade but the dominant buyer of AUD who has been present over the last 48 hours did not appear today and the rally slackened off. Ranges: AUD/USD .9952/88
USD/JPY has not reacted to either the trade data or the Korean tensions, trading sideways in an 83.74/88 range
Cable has been similarly inactive with much of the EUR rally showing up in the cross. Ranges: Cable 1.5460/87, EUR/GBP .8461/90.
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