Monday February 21, 2005 - 17:11:43 GMT
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European Forex Session Wrap-Up, 22/2/2005
The European session closes today, february 21st, with barely moevs in the currency markets. US President’s day caused a slowdown in recent fx volatility, and we saw some pairs range-trading in mere 15 pips. For tomorrow we don’t expect much action either, and it will be only from Wednesday when we expect some volatility to resume in the markets.
Trading Recap :At the time of this writing, the EUR is trading around 1.3065 against the greenback, unchanged with respect to european opening levels. GBP is doing around 1.8965, 25 pips up. The Swiss Franc –CHF- around 1.1815, gaining (USD loosing) 10. And finally, the Yen around 105.50, up 15 pips.
USD small brothers session performance: the AUD is trading around 0.7895, 20 pips up, the NZD trading around 0.7265, or 40 pips up, and CAD trading around 1.2340, down 15 pips.
Economic events for Tuesday, february 15th : none to be highlighted. My (valoration) of the economic events of the day goes from 1 to 5 depending on the influence the news has in the market (1 lowest – 5 highest).
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