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

The day ahead in the FX market, Tuesday January 8th

  • Australian trade balance 00:30 GMT, -AUD2.3bln expected:
  • UK BRC retail sales 00:00 GMT, last +0.4% YoY:
  • Majors back in range-mode with heavy orders dominating overnight trade:
  • EUR/USD bids at 1.3020 proved to be very strong and heavy offers now reported 1.3160/70:
  • EUR/JPY will be focussing on recent highs at 116.00:
  • USD/JPY remains bullish but barriers reported at regular intervals 88.50, 88.75 and 89.00:
  • AUD/USD also dominated by orders with Corporates buying overnight 1.0465 and sell orders reported 1.0540/50.
  1. Definitely Sovereigns buying in physical market but no definitive levels that I’m hearing. Turkey, Russia, China, Korea, Mexico etc etc all buying physical

  2. Thinking the same myself, if USD/JPY can test Fibo at 8895 and EUR/USD tests 13170, that would put the cross above 11710? Could be do-able and if we get a quick spike then I’ll sell up there for move back to 113ish.

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