Day ahead in the FX market, Monday November 26th
- Quiet start to interbank trade with majors near Friday’s closing levels:
- EUR made solid gains across the board on short-covering ahead of renewed EZ meetings:
- EUR/USD next technical resistance at 1.3020/25; still in medium-term range-trading mode:
- EUR/JPY, sell orders reported on Friday night near 107.35:
- USD/JPY still consolidating, still looking bullish, macro funds looking to buy dips:
- AUD/USD eyeing top of ‘weekly wedge’ near 1.0525, no data today:
U are up very early senor,in my part of the world,preparing to hit the sack,hope by the time i wake up,i have comfy points to make bullish entries across the board on euro as am assuming it is the day Greece gets the bail-out,or….
Hey Banya, sleep well, Asia usually trades against the overnight trend so I’d say there’s a good chance you get better entry levels++
Morning Sean, risk off today due to profit taking? just reading this might weighing EUR for several hours before Europe.
http://www.bloomberg.com/news/2012-11-25/catalan-pro-independence-parties-win-exit-poll-shows.html
Morning Dok, thanks for that. Should be quiet until EZ headlines hit the wires