Its before 8am in New Zealand, and as is usual for a Monday morning, market liquidity is light. Some small change from late Friday levels with USD/JPY dropping slightly to 112.14
Pair rose as the bullish push from nonfarm payrolls was massive. The data did not cope (expecting higher stats) and the funds didn't dump treasury yields with S&P closing lower pushing all along the USD currency.
Asian and Europe session expects to have the most volatility and volume today as US Columbus day and Thanksgiving for CAD will drop the liquidity later on. We expecting a correction to 23.6% 111.475 or 38.2% today 111.000 but the first move of the day will push the price a little higher as bullish momentum of Friday kept the currency idea upwards. The close will be near open price or somewhat lower.
No comments:
Post a Comment