Markets seem quite happy to do nothing thus far today, with the price action in most pairings backing itself into forever narrowing pennants in the defined ranges set by Asia and European trade....
As far as the order books go they look like this -
Order central: Monday
- Russian bids in EUR/USD at 1.3620/30; Offers 1.3715/20
- Stop-loss sell orders in Cable at 1.5480
- Exporter offers at 89.90/90 in USD/JPY, bids at 88.80/90
- Japanese importer bids in EUR/JPY at121.50
Also of interest is crude oil where there does seem to be someone interested in keeping crude above the 71.00 handle.
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