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).
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 😉
Very boring I can see, will get bit more frantic later today which might give some trading opportunities; we live in hope 🙂