15 Nov 2013
Session recap: Aussie Dollar the biggest mover in an overall quiet session
FXstreet.com (Barcelona) - A dearth of data and perhaps a little volatility fatigue gives traders multiple reasons to do something else with their time during Friday’s Asian session.
It’s quiet out there – almost too quiet
When a session is this quiet in terms of data flow, it’s not surprising to see a lack of uniformity in terms of the “risk-on / risk-off” dynamic. Friday’s Asian session feels very random in its trading with the recent trends holding a slight advantage over any potential reversal efforts. That means strong Aussie and Canadian Dollar along with a weak Yen thus far on Friday.
Later in the session, the data flow will be quite intense. But for now and lasting until 10:00 GMT, it is going to be very quiet.
Main headlines in Asia:
EUR/JPY climbs to 134.74 session highs; keeps aiming higher
DXY correction lower still in progress. Will Ben / Janet get their way or will data force rates higher?
Massive FX options expirations day on Friday
EUR/USD rejected at “underbelly resistance” of previous uptrend line at 1.3500
EUR/JPY in midst of what appears to be a powerful third wave higher; upside target 137.90?
Confidence is back in Asian stocks
AUD/USD returns to test 0.9350, large option at 0.94
AUD/JPY correcting lower over the last hour after big push to the upside; 93.44 support
It’s quiet out there – almost too quiet
When a session is this quiet in terms of data flow, it’s not surprising to see a lack of uniformity in terms of the “risk-on / risk-off” dynamic. Friday’s Asian session feels very random in its trading with the recent trends holding a slight advantage over any potential reversal efforts. That means strong Aussie and Canadian Dollar along with a weak Yen thus far on Friday.
Later in the session, the data flow will be quite intense. But for now and lasting until 10:00 GMT, it is going to be very quiet.
Main headlines in Asia:
EUR/JPY climbs to 134.74 session highs; keeps aiming higher
DXY correction lower still in progress. Will Ben / Janet get their way or will data force rates higher?
Massive FX options expirations day on Friday
EUR/USD rejected at “underbelly resistance” of previous uptrend line at 1.3500
EUR/JPY in midst of what appears to be a powerful third wave higher; upside target 137.90?
Confidence is back in Asian stocks
AUD/USD returns to test 0.9350, large option at 0.94
AUD/JPY correcting lower over the last hour after big push to the upside; 93.44 support