Data awaited

  • The EURUSD has rebounded above the days midpoint at 1.1364.
  • The GBPUSD on Wednesday had a near 250 pip range. Yesterday it was 95. Today it has eeked out 55 pips
  • The USDJPY continued the move higher that started when the channel trend line was broken in the NY afternoon session. The rally stalled near the 50% of the move down from last Friday's high (see chart below). The Europe trading range is about 27 pips.

Data awaited, yes, but it seems the market is asleep once again.