AUD,NZD/EUR crosses/EUR/USD/Flows and Orders/JPY crosses/Open/Wrap/USD/JPY

The day ahead in the FX market, Tuesday January 15th

  • Not much of note on the economic calendar after Mr Bernanke’s Q&A this morning:
  • We may see more focus now on pairs like GBP/JPY and CHF/JPY, and I’m looking for some aggressive┬áretracements to begin:
  • AUD/USD; sell orders near 1.0600 with stops above 1.0605 (usually these levels are magnetic):
  • EUR/USD; consolidating in tight 50 pip range, buying dips favoured whilst crosses are bid:
  • USD/JPY; might see some selling pressure, dependent also on what Mr Bernanke says:
  • EUR/GBP and EUR/CHF to remain focus of market.

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