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    Forex: European Ranges and Upcoming Economic Data

     

    May 5, 2015 - European ranges for Major currency pairs provided by WorldWideMarkets as well as relevant upcoming economic data and events. The London session, which is the largest trading center where approximately 40% of the daily FX volume is transacted, is arguably the most liquid and efficient trading period of the day. Consequently, the ranges that are defined during this session are quite relevant when the second largest trading session, New York, begins.

    • European Ranges - FX ranges since the European session began.

      EUR/USD USD/JPY GBP/USD EUR/GBP EUR/JPY AUD/USD NZD/USD USD/CHF EUR/CHF
    HIGH   1.1147  120.42   1.5151   0.7364  133.90   0.7920   0.7556   0.9412   1.0425
    LOW   1.1066  120.02   1.5087   0.7315  133.10   0.7795   0.7495   0.9336   1.0380
    RANGE  -0.0081   0.40  -0.0064  -0.0046   0.80   0.0125  -0.0061  -0.0076  -0.0045
    • Chart - AUD/USD fell after RBA rate cut, then rebounded as policy is seen as nearing its limits

     


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    • Upcoming Economic Data - (Source:Bloomberg)May5data

     

     

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