Asian FX market open: further consolidation likely
By Sean Lee || February 8, 2010 at 22:25 GMT
|| 6 comments || Add comment
The majors slipped a little lower late in the NY session but it was an altogether quiet session and we are pretty close to the same levels as yesterday. I expect to see further consolidation during Asia with the EUR/USD inside 1.3585/1.3715, EUR/JPY likely to remain choppy inside 120/124.50 and the AUD/USD bulls hoping to defend solid technical support at .8570/75.
Good luck today.

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Morning Sean!
Morning Zeke, sock drawer today I think
Well, you were right last time you suggested rearranging the sock drawer. Last Monday, wasn’t it?? What is it with Mondays, anyway!
Nice. I’m at dinner enjoying a Guinness… Hopefully it behaves til I get home
Hopefully we get some sort of action but I’m not sure where the volatility is going to come from
Yeah, I’m still a little undecided. Threw a short “toe in the water” today at a decent price just on momentum. Not too worried.