Looking quiet on economic calendar

Author: Sean Lee | Category: News

Doesn’t look like we will be getting any extra volatility from today’s economic calendar.

Once again we will take our lead from what’s happening in USD/Asia. The selling of Asian assets by overseas investors has been very consistent over the last few weeks. If that continues, USD/Asia will go up and this will pressure EUR/USD. If we get some relief from this asset migration, then pairs like USD/KRW may start to retrace and this will drive AUD/USD, EUR/USD and cable higher.

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