Thursday, December 8, 2011

Waiting for Godot...

Markets marking time especially currency markets...
waiting for the BIG news out of the EU summit..

both charts show the tight range we have eben in since the day the world's Central Banks announced tehir concerted action, resulting in the big spike on November 30th.

Nothing to do but wait !

The AUDUSD looks like it wants to break higher through the 1.029 /1.02 level.
EURO looks like it has found support at 1.33

EURO 30 minutes

AUDUSD 30 mins

Equities also pretty subdued at their highs, DAX is the underperformer, vs DOW and FTSE

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