28 Jul 2014
Asia Recap: Limited moves to start the week
FXStreet (Bali) - A very subdued start of the week in the FX market, with all G10 without exception trading in tiny little ranges.
On the fundamental front, there was no events in the calendar. Besides, public holidays in Singapore, Indonesia and Malaysia did not help either to increase the limited order flows seen.
The main focus this week will be on the FOMC, although the market appears to be still skeptical about Yellen providing any fresh clues on the timing of a potential tightening cycle by the Fed.
Over the weekend, Fed's watcher Hilsenrath pointed that the Fed will debate when to raise rates; if true, we could see further strength of the USD. Note this week the US NFP and US GDP will also be released.
On the fundamental front, there was no events in the calendar. Besides, public holidays in Singapore, Indonesia and Malaysia did not help either to increase the limited order flows seen.
The main focus this week will be on the FOMC, although the market appears to be still skeptical about Yellen providing any fresh clues on the timing of a potential tightening cycle by the Fed.
Over the weekend, Fed's watcher Hilsenrath pointed that the Fed will debate when to raise rates; if true, we could see further strength of the USD. Note this week the US NFP and US GDP will also be released.