FX markets have fallen into what can only be described as a year-end slumber, with ranges having narrowed substantially vs. the recent norm. This remains true, although slightly less so for USDJPY which has pushed back above the 120 level in overnight trade. The other standout has been the weaker Swedish Krone, EURSEK nudging towards the 9.60 level yesterday. Finally, AUDUSD has pushed to new lows for the year overnight, down to the 0.81 level and below. The star of last week (for all the wrong reasons) the Russian rouble continues to show better prints around the 55 level on USDRUB, but liquidity is naturally very thin going into year end, so this does not mean that the Russia is out of the woods. Also offering some support has been the stabilisation of the oil price around the 60 level on Brent crude. That said, the Saudi oil minister earlier yesterday continued to rule out any cuts to production, so it remains more questionable if there is scope for a recovery from here. For today, some interest with the second round presidential vote in Greece. The first round saw 160 of the required 180 votes for the PM’s favoured candidate. This could well go to three rounds and if the required amount of votes are not secured, then snap elections will ensue which brings the risk of a government of a far less reformist agenda. Beyond that, we have final GDP numbers in both the UK and US, which are not a major market risk event, although note that the US release is seen revised up from 3.9% to 4.3%. Durable goods data is also released in the US, which brings the risk of some dollar volatility if it falls far from consensus. Further reading: Russian crisis hits Australian economy Sanguine Calm Helps Equity Rally Continue FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next We Stay Short EUR/USD; More Reasons To Be Short EUR Yohay Elam 8 years FX markets have fallen into what can only be described as a year-end slumber, with ranges having narrowed substantially vs. the recent norm. This remains true, although slightly less so for USDJPY which has pushed back above the 120 level in overnight trade. The other standout has been the weaker Swedish Krone, EURSEK nudging towards the 9.60 level yesterday. Finally, AUDUSD has pushed to new lows for the year overnight, down to the 0.81 level and below. The star of last week (for all the wrong reasons) the Russian rouble continues to show better prints around the 55 level on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
