European morning wrap: Two weeks till Christmas……….

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Pockets of activity, but when all said and done its been dull end of year fare this morning.

EUR/USD up 10 pips from when I arrived, presently at 1.2965.  Early reports had sell orders clustered up at 1.2970/80 and even demonstrably better than expected ZEW survey data wasn’t enough to take them out.

USD/JPY up marginally at 82.50 from early 82.30, EUR/JPY up at 107.00 from early 106.70.  Japanese election looms this coming weekend and LDP’s Abe continues to look a shoe-in to be Japans’ next Prime Minister.  With Abe will come accelerated monetary easing.

USD/CHF up at .9345 from early .9322, EUR/CHF up at 1.2110 from early 1.2080. Swiss franc weakness comes as UBS joins Credit Suisse in introducing charges on swiss franc balances (see above)

 

4 Comments

  1. Any chance of Hog for Christmas…..Gerry?
    HD…
    Maybe they could sponsor forexlive.

  2. Doesn’t look like Santa will have one in his sack for me Mungo. At this rate I’ll have to go out and buy my own ;)

  3. I know what you mean…I’m saving up for a forexlive t-shirt. lady luck won’t bring one too me.

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