Asia Session
With Japan out on Holiday and the New Year looming the action in today’s Asian session was lacking to say the least. While most pairs were moving in relatively tight ranges, the EUR/USD and AUD/USD were noticeably higher with gold not trailing too far behind. Most moves were limited with the probable culprit being a bit of position squaring ahead of the New Year. There was some noted concern about the unrest that currently unfolding in Iran, but the currency markets were yet to be affected.
Technical Market Commentary
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