Quiet start to interbank trading week
The interbank market is up and running and it has been quiet thus far. EUR/USD is at 1.3965, USD/JPY at 96.15, and cable at 1.6325. The two major factors which have moved the market in recent weeks, risk-aversion and reserve-currency talk, will again be the plays for this week I assume.
China continues to dominate the market flows, especially in the EUR and the AUD, and now that the northern hemisphere holiday season has begun, I expect the range trading mentality to stay with us through August.
Good luck today.

AUTOREFRESH 













Add a comment