Open/Wrap

The day ahead in the FX market, Tuesday November 27th

  • Market on hold ahead of EZ/IMF meeting on Greek bail-out package:
  • Meeting expected to go late into European night and we may not get any announcement until this afternoon in Asia:
  • Market has partially priced in a positive outcome:
  • Very tight ranges overnight likely to be repeated in Asia:
  • EUR/USD orders; large stops reported above 1.3005:
  • AUD/USD: Totally range bound ahead of RBA next week; reserve managers buying dips but plenty of selling interest near 1.0500/20:
  • USD/JPY: Classic bullish consolidation shows up-trend still in control:
  • NZ trade balance data this morning expected to show that the deficit is widening (NZD-1.25 billion YoY expected).
  1. Sean ,

    Good morning, you start and i have finished my trading day. It was boring European/US session, no clear view for me. See you in few hours. Good luck for today 😉

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