Looking quiet on economic calendar
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.