Market still in waiting mode: Levels to watch today are…
Not exactly sure what we are waiting for, but I hope it happens soon! The big storm in Europe undoubtedly contributed to the quiet conditions and NY was unable to generate any momentum.
Levels to watch today:
- Cable; large stops below 1.6100
- AUD/USD; real-money bids .9535/50 and technical support at .9520
- USD/JPY; corporate sell orders 97.80ish and the 200-dma at 97.38
- EUR/USD; decent sized sell orders 1.3825.