Forex: Asia Wrap-up

FXstreet.com (London) - Asian livened up this session as players were hustling and tussling to take their positions ahead of the NFP data today. Market volatility was markedly higher today as dovish BoE news today caused Cable to fall through the floor, consolidating now around 1.6010.

Gold regained some of it earlier losses this session, but still sits down around $2. The pacifics, AUD and NZD both took moderate losses on Dollar strength, optimism over US labour market being main driving force.

The Nikkei was boosted by the resumption of Yen weakness, which helped send exporter stocks higher. Midway through the session the index was carrying gains of over 100bps but has since sunk, to just +30bps as we head to the close.

London will take few cues from a relatively quiet session, but will likely still be choppy as BoE latest release is fully digested.


EUR/USDUSD/JPYEUR/USD (Jan 08 at 06:29 GMT)
1.4313/16 (0.04%)H 1.4327 L 1.4284S3 S2 S1 R1 R2 R3
1.4232 1.4268 1.4304 1.4314 1.4350 1.4386
[?]Trend Index [?]OB/OS Index
Neutral Neutral
Data updated on Jan 08 at 05:33 (15-minute timeframe)


[ View EUR/USD technical studies ]

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