Wow ... The EUR has had its biggest daily range since the previous biggest daily range!
And, we won't ever see a range that big until the next huge one!
Awesome.
:-D
Over to Asia now.
There is very, very little on the agenda here today, data nor central bank activity. With any luck we'll get some position-adjusting volatility follow through activity, which is rich pickings for shorter-term traders ... but I'm not counting on it unfortunately. We'll see.
What we might get is more activity on the AUD and NZD. I'm looking at the AUD ... 0.7350 and around there ... I'm expecting some sideways around here with a high probability of a move higher after doing some work. You might recall my warning on Wedenesday as soon as the blow out GDP hit the screens ... "the AUD has traded steadily higher into this release, so beware some profit-taking selling" ... which worked out very well ... if you're an AUD bull you got a good opportunity to improve your average buy price after that .... well, I'm expecting now we do a bit more work up here before having another crack higher. We've got the NFP coming up in the new US day, so thats a bit of a spanner in the works ... all bets are off as we get close to that and through the release (gamblers can disregard that, go right ahead and take a punt!).
On the data front, like I said ... not much:
- 0000GMT: New Zealand - ANZ Commodity Price index for November, the prior was +6.9%
- 0030GMT - Australia - Retail Sales for October: expected is +0.4% m/m, prior was +0.4% also
- 0130GMT - Japan - Labor Cash earnings for October: expected is +0.5% y/y, prior was +0.4%
