The disturbances in Iran have some traders talking of a possible risk-aversion play this morning but the USD is only slightly firmer, 1.40 against the EUR versus a 1.4020 close on Friday night, and EUR/JPY is only slightly lower, 137.70 versus a 137.90 close. All in all, the early interbank session has been surprisingly quiet with the majors trading in 30 pip ranges. Not much economic data due for release during this session. Good luck today.
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Quiet start to interbank Monday
June 14 2009, 11:37pm | Comments »
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Majors steady in early interbank trade
All of the majors are at their NY closing levels from Friday. The market will try to digest the volatile moves from Friday night before settling on its next move. I expect Asia to trade most of the majors in 100 pip ranges. It’s a relatively quiet day on the economic data front.
June 8 2009, 12:03am | Comments »
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