As Aleksandr Orlov would say “simples”
London is out enjoying a two-day bank holiday.
As such, it’s now overly surprising to see forex markets get off to an exceedingly slow start.
EUR/USD effectively unchanged at 1.2408.
Buy orders seen clustered 1.2370/80 and more clustered down around 1.2350. Sell orders seen clustered up at 1.2450/60 and more up at 1.2490/00.
Euro zone data thin on the ground this morning:
08:30 GMT: Eurozone sentix investor confidence for June expected -30 from previous -24.5
09;00 GMT: Eurozone producer price index for April expected +0.2% m/m, +2.7% y/y.
