Top
New York  London  GMT  Tokyo  Sydney 

Very quiet trading conditions continue

By   || August 23, 2010 at 01:22 GMT
|| 5 comments || Add comment

Regional Asian sharemarkets are hovvering around being flat for the session and the FX market is also lacking conviction. The AUD/USD is setting about closing this morning’s gap back to .8940 and the other majors are jogging on the spot. Gold is flat at $1230/oz and oil is also unchanged, trading just below $74/bbl.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

5 Responses to “Very quiet trading conditions continue”

  1. Akis on August 23rd, 2010 01:53 GMT

    Hi Sean
    How can it be explained that EUR/GBP moves lower and lower many weeks now,instead of bad news from uk?

  2. Akis on August 23rd, 2010 01:54 GMT

    sorry i mean “despite” not instead :P

  3. Akis on August 23rd, 2010 01:56 GMT

    Oh and….do u think its a good level to buy?….It seems pretty low to me (eur/gbp)

  4. Sean Lee on August 23rd, 2010 02:05 GMT

    Not sure Akis. I was quite bearish on EUR/GBP but after seeing those public debt figures I’m not so sure. I’d say wait and see what London does and if they look like taking it higher, then buy with a tight stops below 8150 and then look to re-enter at 8065. That’s what I’d do with a bullish s/t strategy

  5. Akis on August 23rd, 2010 02:11 GMT

    Thanks Sean..sounds good..
    I’ll wait till morning(cyprus here) and then see.

Bottom