Quiet last trading day 2015

Posted On 31 Dec 2015

Tag: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDJPY

Currency markets were very quiet on the last trading day of the year in Asia. Tokyo was closed so this added to the low trading volumes.

USD/JPY opened in Asia at 120.53 after another dull US session with a narrow range. During the Asian morning the range was 120.42/56. The pair has moved within about 50 pips this week. It is unlikely that it would move outside recent ranges on the last trading day of the year.

EUR/USD opened in Asia at 1.0931 after a choppy US session. Support at the key 1.0900 level seems to have held well this week. The pair has traded a range of 1.0898 and 1.0942 this week.

GBP/USD barely moved after opening at 1.4811 and rose to 1.4827.

AUD/USD opened in Asia at 0.7288 after failing at 0.7303 for second day in a row. It reached a high of 0.7308.

NZD/USD saw small movements from a session low of 0.6830 to 0.6854.

In equity markets, the Tokyo Nikkei was closed today. The Shanghai Composite was flat and the Australian ASX was minus 0.11% in late morning trading.

The European session is expected to be quiet, with no data and Germany being on holiday. The US session will see the release of US jobless claims.

The post Quiet last trading day 2015 appeared first on FXTM Blog.

Source:: Quiet last trading day 2015

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