It does not look like the Japanese market has much squaring up to do before their extended break and all of the majors are stagnant. The Nikkei is almost 1.5% higher and gold is steady at $1174/oz.
11 Responses to “Trading conditions remain very quiet”
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AUTOREFRESH 
Sean, Any peeks at the order books. Light orders or none at all?
Hi everybody, considering the fact that RBNZ is not likely to raise rates in the near future, negative long term sentiment on EUR, and new developments coming from GS Fed potential criminal charges, how would you consider going short on NZD/JPY at 68.90 today?
Capital Economics ….Worries over contagion from Greece have curbed rise in Asian markets, but Asia has deleveraged since mid-to-late 1990s financial crisis, upswing will continue to pick up speed ahead, says Capital Economics. “The rise in Asian equity markets and in regional currencies should resume soon, especially as a relaxation of China’s renminbi peg against the US dollar looks close.” House notes plenty of positive newsflow coming out of Asia; says Singapore’s 1Q GDP “spectacularly strong,” Moody’s upgraded Korea’s debt rating, eased political tensions between government, parliament in Indonesia, Malaysia’s upswing still strong and broad-based while MYR higher. Adds, Australia moving from recovery into “a boom” period; thinks RBA will hike again next week. Warns Philippines, India still have relatively large government debt burdens, but says both countries implemented credible fiscal consolidation policies in recent years, are able to grow rapidly
Other pending shorts include EUR/JPY 125.20 and EUR/USD 3415. I am considering the UK session to go up a little then crash during US? any thoughts?
It sounds right timing for me Milk! With the new spin to GS story, I think this is plausible scenario although I wouldn’t expect crash just yet but some EOM ‘book squaring’ most likely.
Hi James. Main interest is eur/usd stops above 13280 and 13325. Also usd/jpy sell orders 9450 ish but also stops same level and more stops 9485+. aud/usd of course sell orders heavy around 9350. eurgbp bids 8590/8600, stops below
Thanks Gringo
Thx Sean, one more request, any news on Cable orders? The range at the NY close was pretty wide at 199 pips so I’m planning for the Eur open.
Sorry James, heard nothing at all- only eurgbp
Cool, thx for looking. Great stuff always!!!
It’s like watching paint dry right now……. :-O