Forex trading headlines for Asia Friday 4 July 2014
No data today, little in the way of headlines either
Other:
- Goldman Sachs key takeaways on the ECB meeting – and what it means for the euro
- Australian and Canadian dollars slug it out – & the rest of BNP Paribas latest FX trade recommendations
- JP Morgan on RBA Stevens’ speech: “the most important RBA communication for some time”
- EURO charts – Goldman Sachs technical analysis EUR/USD
- Barclays see Fed hikes closer
- Threat of financial contagion posed by China’s trust funds has been delayed rather than dealt with
I’m tempted to say that the July 4 holiday got started early, but since its already July 4, well, I can’t now can I?
There was almost nothing in the way of news, and no economic data releases, crossing the wires, so whatever movement we got in currencies wasn’t catalyzed from those sources.
AUD and NZD have been the stars in this timezone this week, but both were subdued today. AUD/USD did gain about 15 or so points from morning mows, while NZD barely managed a 15 point range.
USD/JPY, was quiet, drifting down 15-odd points from overnight highs; EUR/JPY off a little with it.
EUR/USD had barely a 10 point range. Cable gained 15 or so points from its session lows.
Oil drifted off around 15 cents, gold flatlined.
