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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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6 Responses to “Asian FX market open: further consolidation likely”

  1. Zeke on February 8th, 2010 22:44 GMT

    Morning Sean!

  2. Sean Lee on February 8th, 2010 22:58 GMT

    Morning Zeke, sock drawer today I think

  3. snyderkr1 on February 8th, 2010 23:02 GMT

    Well, you were right last time you suggested rearranging the sock drawer. Last Monday, wasn’t it?? What is it with Mondays, anyway!

  4. zeke on February 8th, 2010 23:11 GMT

    Nice. I’m at dinner enjoying a Guinness… Hopefully it behaves til I get home ;)

  5. Sean Lee on February 8th, 2010 23:17 GMT

    Hopefully we get some sort of action but I’m not sure where the volatility is going to come from

  6. zeke on February 8th, 2010 23:25 GMT

    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.



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