FX Outlook: Thin Conditions Dominate | Zero Hedge

The lack of participation in the global capital markets, in general, and the foreign exchange market, in particular, can make for erratic price action punctuating an eerie calm. Order flow and position adjustment (passive, as in triggering of stops, or more active ahead of year end) may exert greater influence than is often the case.Here is an overview on how we see the technical condition of the dollar against a selected group of foreign currencies into the year end.Euro: After posting a big reversal day on December 18 in response to the Fed’s tapering, the euro moved lower. In the following two sessions, (December 19-20), the euro slipped another half cent to test the initial retracement objective of the advance from early November (~$1.2755) that …

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The lack of participation in the global capital markets, in general, and the foreign exchange market, in particular, can make for erratic price action punctuating an eerie calm. Order flow and position adjustment (passive, as in …

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FX Outlook: Thin Conditions Dominate | Zero Hedge

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