Very quiet trading conditions continue
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.

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Hi Sean
How can it be explained that EUR/GBP moves lower and lower many weeks now,instead of bad news from uk?
sorry i mean “despite” not instead
Oh and….do u think its a good level to buy?….It seems pretty low to me (eur/gbp)
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
Thanks Sean..sounds good..
I’ll wait till morning(cyprus here) and then see.