We’ve been seeing a fair number of flip flops in flow over the past 24-hours. It looks like we’re stuck in ranges, and many are looking to profit from small moves rather than gang-buster breakouts.
Small net USD buying has started to emerge, much as USD selling did at this time yesterday. There’s a lot of noise, and not too much action.
– EURUSD: Turnover just below average; small bias in favor of buying
– USDJPY: Turnover below average; small bias in favor of selling
– EURJPY: Turnover average; bias in favor of selling
– GBPUSD: Turnover below average; bias in favor of selling
– EURGBP: Turnover below average; bias in favor of selling
– AUDUSD: Turnover above average; bias in favor of selling
– NZDUSD: Turnover above average; small bias in favor of buying
– USDCAD: Turnover below average; bias in favor of selling
– USDCHF: Turnover so low not worth reporting
– EURCHF: zzzzz