Forex news and economic data trading headlines 21 March 2016
Asia catch up: F
orex news for Asia trading Monday 21 March 2016
Not much ink to be used in this wrap today. The pound was where most of the action was following a key member of David Cameron’s government resigning over the weekend. There’s probably still some fall out to come but the initial reaction trades have been done. There’s probably small gap downs on charts of retail platforms that open for Asia. Mine show a gap from 1.4470 to 1.4455 odd. We sat above 1.4440 through the remainder of the Asia session and then the alarm clocks went off in Blighty and we started seeing cable wilt. Once traders had finished their train journeys into work and digested the morning news, the pound found itself busting stops under 1.4400 to 1.4375. That was as bad as it got and we bounced back to 1.4428 before mincing around between 1.4420 and 1.4400. As I type we’re back below by 7 pips.
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